Zacks: Analysts Anticipate Cracker Barrel Old Country Store, Inc. (CBRL) to Announce $2.43 Earnings Per Share

Wall Street analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post earnings per share (EPS) of $2.43 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The lowest EPS estimate is $2.38 and the highest is $2.51. Cracker Barrel Old Country Store reported earnings per share of $2.73 during the same quarter last year, which would suggest a negative year over year growth rate of 11%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 19th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $8.98 per share for the current fiscal year, with EPS estimates ranging from $8.95 to $9.05. For the next fiscal year, analysts anticipate that the firm will report earnings of $9.30 per share, with EPS estimates ranging from $9.17 to $9.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, November 27th. The restaurant operator reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.05. The company had revenue of $733.50 million during the quarter, compared to the consensus estimate of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 earnings per share.

A number of analysts have weighed in on CBRL shares. Maxim Group decreased their target price on shares of Cracker Barrel Old Country Store from $187.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, September 19th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Thursday, October 18th. ValuEngine raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Thursday, November 29th. Finally, Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $201.00 target price for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $167.59.

In other news, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 423,899 shares of company stock valued at $76,993,830. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Cracker Barrel Old Country Store by 5.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,781 shares of the restaurant operator’s stock worth $851,000 after buying an additional 312 shares during the period. IFG Advisory LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 11.4% in the 2nd quarter. IFG Advisory LLC now owns 3,470 shares of the restaurant operator’s stock worth $542,000 after purchasing an additional 354 shares in the last quarter. Iberiabank Corp lifted its holdings in shares of Cracker Barrel Old Country Store by 3.2% in the 3rd quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock worth $1,741,000 after purchasing an additional 367 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock worth $711,000 after purchasing an additional 371 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Cracker Barrel Old Country Store by 13.3% in the 2nd quarter. Amalgamated Bank now owns 3,193 shares of the restaurant operator’s stock worth $499,000 after purchasing an additional 374 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

NASDAQ:CBRL traded down $4.60 on Friday, reaching $170.86. 606,174 shares of the stock traded hands, compared to its average volume of 471,623. The company has a market capitalization of $4.11 billion, a PE ratio of 19.26, a P/E/G ratio of 1.90 and a beta of 0.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.38 and a current ratio of 0.87. Cracker Barrel Old Country Store has a 1-year low of $141.63 and a 1-year high of $185.00.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Stockholders of record on Friday, January 18th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 56.37%.

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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