Zacks: Analysts Expect Cracker Barrel Old Country Store, Inc. (CBRL) Will Post Earnings of $2.03 Per Share

Equities analysts predict that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will post $2.03 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The highest EPS estimate is $2.03 and the lowest is $2.02. Cracker Barrel Old Country Store also posted earnings of $2.03 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Tuesday, May 28th.

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. For the next year, analysts forecast that the firm will report earnings of $9.43 per share, with EPS estimates ranging from $9.40 to $9.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.06. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm had revenue of $811.70 million for the quarter, compared to analyst estimates of $810.49 million. During the same period in the previous year, the business earned $2.73 EPS. The company’s revenue was up 3.0% compared to the same quarter last year.

CBRL has been the topic of several recent research reports. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Maxim Group reiterated a “hold” rating and issued a $180.00 price target (up from $175.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 19th. Argus reiterated a “buy” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, February 27th. Wells Fargo & Co lowered their price target on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 27th. Finally, ValuEngine lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $169.82.

Shares of CBRL stock opened at $155.14 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.64. Cracker Barrel Old Country Store has a 1 year low of $141.63 and a 1 year high of $185.00. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.72 and a beta of 0.49.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, April 17th. This represents a $5.00 annualized dividend and a dividend yield of 3.22%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.37%.

In other news, major shareholder Sardar Biglari sold 3,300 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $169.12, for a total transaction of $558,096.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 542,565 shares of company stock worth $92,089,965 over the last 90 days. 0.88% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth about $488,000. Signature Wealth Management Group increased its stake in shares of Cracker Barrel Old Country Store by 4.1% during the 1st quarter. Signature Wealth Management Group now owns 19,380 shares of the restaurant operator’s stock worth $3,132,000 after purchasing an additional 755 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 12.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,730 shares of the restaurant operator’s stock worth $2,865,000 after purchasing an additional 1,900 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth about $901,000. Finally, Alpha Windward LLC increased its stake in shares of Cracker Barrel Old Country Store by 3,101.1% during the 1st quarter. Alpha Windward LLC now owns 2,849 shares of the restaurant operator’s stock worth $460,000 after purchasing an additional 2,760 shares during the last quarter. Institutional investors own 84.65% of the company’s stock.

About Cracker Barrel Old Country Store

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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