Zacks: Analysts Expect Cracker Barrel Old Country Store, Inc. (CBRL) Will Post Earnings of $2.26 Per Share

Equities research analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post $2.26 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings, with the highest EPS estimate coming in at $2.41 and the lowest estimate coming in at $2.15. Cracker Barrel Old Country Store posted earnings of $2.19 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $9.48 per share for the current fiscal year, with EPS estimates ranging from $9.35 to $9.60. For the next year, analysts expect that the company will post earnings of $10.28 per share, with EPS estimates ranging from $10.15 to $10.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Cracker Barrel Old Country Store.

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, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The business had revenue of $710.40 million during the quarter, compared to analysts’ expectations of $718.85 million. During the same quarter last year, the business posted $2.01 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.

A number of research firms recently weighed in on CBRL. BidaskClub lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Maxim Group reiterated a “hold” rating and issued a $160.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. Longbow Research lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $163.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $161.38.

Cracker Barrel Old Country Store (NASDAQ CBRL) opened at $177.74 on Wednesday. Cracker Barrel Old Country Store has a 52 week low of $141.75 and a 52 week high of $179.12. The firm has a market capitalization of $4,260.00, a PE ratio of 21.44, a P/E/G ratio of 2.09 and a beta of 0.46. 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 business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.70%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 57.90%.

Several large investors have recently added to or reduced their stakes in CBRL. San Francisco Sentry Investment Group CA purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth about $127,000. Ffcm LLC lifted its stake in Cracker Barrel Old Country Store by 1,317.9% in the 3rd quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 738 shares in the last quarter. Edge Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 2,725.7% in the 3rd quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock worth $149,000 after acquiring an additional 954 shares in the last quarter. FTB Advisors Inc. lifted its stake in Cracker Barrel Old Country Store by 291.8% in the 4th quarter. FTB Advisors Inc. now owns 1,007 shares of the restaurant operator’s stock worth $160,000 after acquiring an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth about $159,000. Institutional investors and hedge funds own 89.03% of the company’s stock.

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About Cracker Barrel Old Country Store

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.

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

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