Q3 2018 EPS Estimates for Cracker Barrel Old Country Store, Inc. (CBRL) Decreased by Analyst

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – SunTrust Banks dropped their Q3 2018 earnings per share estimates for shares of Cracker Barrel Old Country Store in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $1.93 per share for the quarter, down from their prior estimate of $2.31. SunTrust Banks currently has a “Hold” rating and a $152.00 target price on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s FY2018 earnings at $9.45 EPS, Q1 2019 earnings at $2.39 EPS, Q2 2019 earnings at $2.57 EPS, Q3 2019 earnings at $2.04 EPS, Q4 2019 earnings at $2.71 EPS and FY2019 earnings at $9.72 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 10th. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating 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. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price objective (up previously from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, February 15th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $152.00 price objective (up previously from $140.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $163.13.

Cracker Barrel Old Country Store (NASDAQ CBRL) traded up $1.32 on Friday, hitting $159.85. The stock had a trading volume of 412,400 shares, compared to its average volume of 389,828. Cracker Barrel Old Country Store has a 12 month low of $141.75 and a 12 month high of $179.12. The company has a quick ratio of 0.42, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. The company has a market cap of $3,805.29, a P/E ratio of 16.16, a PEG ratio of 1.90 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 EPS for the quarter, topping the Zacks’ consensus estimate of $2.42 by $0.31. Cracker Barrel Old Country Store had a return on equity of 36.86% and a net margin of 8.10%. The company had revenue of $787.70 million for the quarter, compared to the consensus estimate of $787.26 million. During the same quarter in the previous year, the business earned $2.19 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 8.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,117 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 88 shares during the period. BB&T Corp raised its position in shares of Cracker Barrel Old Country Store by 2.6% during the fourth quarter. BB&T Corp now owns 11,586 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 294 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Cracker Barrel Old Country Store by 9.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,874 shares of the restaurant operator’s stock worth $616,000 after purchasing an additional 327 shares during the period. Pacer Advisors Inc. raised its position in shares of Cracker Barrel Old Country Store by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,635 shares of the restaurant operator’s stock worth $551,000 after purchasing an additional 375 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cracker Barrel Old Country Store by 51.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock worth $177,000 after purchasing an additional 377 shares during the period. 88.26% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, April 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 48.53%.

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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.

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

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