$2.43 EPS Expected for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) This Quarter

Equities analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to report earnings of $2.43 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings, with the highest EPS estimate coming in at $2.49 and the lowest estimate coming in at $2.38. Cracker Barrel Old Country Store reported earnings per share of $2.19 during the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The company is expected to announce its next quarterly earnings results on Tuesday, September 17th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full year earnings of $9.00 per share for the current fiscal year, with EPS estimates ranging from $8.95 to $9.06. For the next fiscal year, analysts anticipate that the company will report earnings of $9.07 per share, with EPS estimates ranging from $8.80 to $9.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 4th. The restaurant operator reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.02. The firm had revenue of $739.60 million during the quarter, compared to the consensus estimate of $735.15 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 EPS.

CBRL has been the subject of a number of recent research reports. Telsey Advisory Group downgraded Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $190.00 to $170.00 in a research note on Wednesday, June 5th. Wells Fargo & Co upped their price objective on Cracker Barrel Old Country Store from $147.00 to $153.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Maxim Group restated a “buy” rating and set a $195.00 price objective (up from $185.00) on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 24th. Finally, SunTrust Banks lowered their price objective on Cracker Barrel Old Country Store to $161.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $171.96.

CBRL traded up $1.76 during trading on Friday, reaching $171.69. 520,160 shares of the company were exchanged, compared to its average volume of 374,346. The firm has a market capitalization of $4.09 billion, a PE ratio of 19.36, a P/E/G ratio of 1.87 and a beta of 0.58. The business’s 50 day moving average price is $172.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.99. Cracker Barrel Old Country Store has a 52 week low of $141.63 and a 52 week high of $185.00.

Cracker Barrel Old Country Store declared that its Board of Directors has initiated a share buyback program on Tuesday, June 4th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to buy up to 1.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a special dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a yield of 3%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 58.62%.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 2,520 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $169.90, for a total transaction of $428,148.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,104,769 shares of company stock valued at $189,420,206 in the last quarter. 0.88% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Meridian Wealth Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at $26,000. Adirondack Trust Co. lifted its holdings in shares of Cracker Barrel Old Country Store by 104.0% in the first quarter. Adirondack Trust Co. now owns 255 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 130 shares during the period. Enterprise Financial Services Corp lifted its holdings in shares of Cracker Barrel Old Country Store by 298.4% in the second quarter. Enterprise Financial Services Corp now owns 255 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 191 shares during the period. Signaturefd LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 46.4% in the first quarter. Signaturefd LLC now owns 309 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 98 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 117.6% in the second quarter. Whitener Capital Management Inc. now owns 555 shares of the restaurant operator’s stock valued at $94,000 after buying an additional 300 shares during the period. Institutional investors own 82.05% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Earnings History and Estimates for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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