Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases FY20 Earnings Guidance

Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its FY20 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 $9.39. Cracker Barrel Old Country Store also updated its FY 2020
Pre-Market guidance to 9.50-9.60 EPS.

Shares of NASDAQ:CBRL traded down $3.54 during trading on Wednesday, hitting $156.39. 854,124 shares of the company were exchanged, compared to its average volume of 335,899. The business’s 50 day moving average is $159.66 and its 200-day moving average is $159.92. The company has a market capitalization of $3.86 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 16.00 and a beta of 0.52. The company has a quick ratio of 0.24, a current ratio of 0.66 and a debt-to-equity ratio of 1.57. Cracker Barrel Old Country Store has a 1-year low of $149.50 and a 1-year high of $180.93.

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

Several research analysts have recently issued reports on CBRL shares. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Tuesday. CL King started coverage on shares of Cracker Barrel Old Country Store in a report on Monday, December 23rd. They set a neutral rating for the company. Argus downgraded shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Co upped their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $169.80.

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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