Q2 2018 EPS Estimates for Cracker Barrel Old Country Store, Inc. Raised by Analyst (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Analysts at SunTrust Banks increased their Q2 2018 earnings estimates for shares of Cracker Barrel Old Country Store in a research note issued to investors on Monday, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $2.33 per share for the quarter, up from their prior estimate of $2.15. SunTrust Banks currently has a “Hold” rating and a $165.00 price target on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s FY2018 earnings at $9.50 EPS and FY2019 earnings at $10.50 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.06. The company had revenue of $710.40 million during the quarter, compared to analyst estimates of $718.85 million. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. Cracker Barrel Old Country Store’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.01 earnings per share.

Several other research analysts have also weighed in on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $152.00 target price (up previously from $140.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research note on Wednesday, January 10th. Maxim Group reissued a “hold” rating and issued a $160.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Wednesday, November 22nd. Finally, Longbow Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $161.13.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down $2.25 during mid-day trading on Wednesday, reaching $167.68. 450,300 shares of the company’s stock traded hands, compared to its average volume of 311,291. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $4,077.43, a price-to-earnings ratio of 20.23, a PEG ratio of 1.99 and a beta of 0.56. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $179.12.

Institutional investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. purchased a new position in Cracker Barrel Old Country Store in the second quarter worth approximately $701,000. Palo Capital Inc. raised its holdings in Cracker Barrel Old Country Store by 13.2% during the fourth quarter. Palo Capital Inc. now owns 18,699 shares of the restaurant operator’s stock worth $2,971,000 after purchasing an additional 2,177 shares in the last quarter. AXA raised its holdings in Cracker Barrel Old Country Store by 49.3% during the third quarter. AXA now owns 105,700 shares of the restaurant operator’s stock worth $16,026,000 after purchasing an additional 34,900 shares in the last quarter. HighTower Advisors LLC raised its holdings in Cracker Barrel Old Country Store by 53.0% during the second quarter. HighTower Advisors LLC now owns 3,589 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 1,244 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Cracker Barrel Old Country Store by 25.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,547 shares of the restaurant operator’s stock worth $538,000 after purchasing an additional 721 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 12th were paid a $1.20 dividend. The ex-dividend date was Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.90%.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/14/q2-2018-eps-estimates-for-cracker-barrel-old-country-store-inc-cbrl-increased-by-analyst.html.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Get a free copy of the Zacks research report on Cracker Barrel Old Country Store (CBRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply