Brokerages Expect Cracker Barrel Old Country Store, Inc. (CBRL) Will Announce Quarterly Sales of $824.20 Million

Brokerages expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to report sales of $824.20 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings, with estimates ranging from $821.10 million to $827.30 million. Cracker Barrel Old Country Store posted sales of $743.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The business is expected to issue its next earnings results on Wednesday, September 12th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full year sales of $3.04 billion for the current year, with estimates ranging from $3.04 billion to $3.05 billion. For the next financial year, analysts expect that the company will post sales of $3.09 billion per share, with estimates ranging from $3.06 billion to $3.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, May 22nd. The restaurant operator reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.08. Cracker Barrel Old Country Store had a net margin of 8.11% and a return on equity of 36.57%. The company had revenue of $721.40 million during the quarter, compared to analyst estimates of $720.05 million. During the same period in the prior year, the firm earned $1.95 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis.

CBRL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price objective (up from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, February 15th. Maxim Group upped their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, May 17th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $152.00 price objective (up from $140.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $163.75.

CBRL stock opened at $156.71 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $179.12. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.20 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, July 13th will be issued a $1.25 dividend. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.19%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.35%.

Several institutional investors and hedge funds have recently modified their holdings of CBRL. Public Employees Retirement Association of Colorado acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $121,000. Synovus Financial Corp acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $121,000. SeaCrest Wealth Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $128,000. Advisory Services Network LLC increased its holdings in shares of Cracker Barrel Old Country Store by 209.1% in the 4th quarter. Advisory Services Network LLC now owns 952 shares of the restaurant operator’s stock valued at $151,000 after purchasing an additional 644 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cracker Barrel Old Country Store by 51.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 377 shares during the period. Institutional investors own 88.11% 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. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company's gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items.

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

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