Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases FY 2020 Pre-Market Earnings Guidance

Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 9.50-9.60 for the period, compared to the Thomson Reuters consensus estimate of $9.41. Cracker Barrel Old Country Store also updated its FY20 guidance to $9.50-9.60 EPS.

Cracker Barrel Old Country Store stock traded down $3.54 during midday trading on Wednesday, reaching $156.39. 854,124 shares of the company’s stock were exchanged, compared to its average volume of 335,899. Cracker Barrel Old Country Store has a 52 week low of $149.50 and a 52 week high of $180.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.24 and a current ratio of 0.66. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 16.00 and a beta of 0.52. The stock’s 50-day simple moving average is $159.66 and its 200 day simple moving average is $159.92.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. Cracker Barrel Old Country Store had a return on equity of 36.68% and a net margin of 7.11%. The business had revenue of $846.10 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same quarter last year, the company posted $2.52 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts forecast that Cracker Barrel Old Country Store will post 9.11 earnings per share for the current year.

A number of brokerages have recently issued reports on CBRL. BidaskClub upgraded Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Tuesday. Wells Fargo & Co boosted their price objective on Cracker Barrel Old Country Store from $154.00 to $159.00 and gave the stock an equal weight rating in a report on Thursday, January 23rd. CL King began coverage on Cracker Barrel Old Country Store in a report on Monday, December 23rd. They set a neutral rating for the company. Finally, Argus cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $169.80.

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.

Further Reading: Dividend

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

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