Wall Street brokerages predict that Cracker Barrel (NASDAQ:CBRL) will report earnings per share (EPS) of $1.93 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cracker Barrel’s earnings, with estimates ranging from $1.93 to $1.94. Cracker Barrel posted earnings per share of $1.95 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The company is scheduled to issue its next earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Cracker Barrel will report full year earnings of $9.38 per share for the current year, with EPS estimates ranging from $9.25 to $9.45. For the next year, analysts expect that the company will post earnings of $9.57 per share, with EPS estimates ranging from $9.40 to $9.72. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Cracker Barrel.
Cracker Barrel (NASDAQ:CBRL) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.31. The company had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $787.26 million. Cracker Barrel had a return on equity of 36.86% and a net margin of 8.10%. Cracker Barrel’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.19 earnings per share.
CBRL has been the topic of several recent analyst reports. Zacks Investment Research raised Cracker Barrel from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 10th. BidaskClub raised Cracker Barrel from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. SunTrust Banks reissued a “hold” rating and issued a $163.00 target price on shares of Cracker Barrel in a research note on Wednesday, January 3rd. Maxim Group reissued a “hold” rating on shares of Cracker Barrel in a research note on Tuesday, February 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 target price (up from $170.00) on shares of Cracker Barrel in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $162.50.
Shares of NASDAQ CBRL traded up $0.40 during trading hours on Monday, hitting $164.11. The company’s stock had a trading volume of 253,524 shares, compared to its average volume of 317,952. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.02 and a quick ratio of 0.58. The stock has a market capitalization of $3,929.63, a PE ratio of 19.61, a PEG ratio of 2.24 and a beta of 0.62. Cracker Barrel has a 12 month low of $141.75 and a 12 month high of $179.12.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Friday, April 13th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, April 12th. This represents a $4.80 annualized dividend and a yield of 2.92%. Cracker Barrel’s payout ratio is 57.35%.
A number of institutional investors have recently bought and sold shares of CBRL. Public Employees Retirement Association of Colorado bought a new stake in Cracker Barrel during the 4th quarter valued at approximately $121,000. SeaCrest Wealth Management LLC bought a new stake in Cracker Barrel during the 4th quarter valued at approximately $128,000. Advisory Services Network LLC boosted its position in Cracker Barrel by 209.1% during the 4th quarter. Advisory Services Network LLC now owns 952 shares of the restaurant operator’s stock valued at $151,000 after acquiring an additional 644 shares in the last quarter. FTB Advisors Inc. boosted its position in Cracker Barrel by 291.8% during the 4th quarter. FTB Advisors Inc. now owns 1,007 shares of the restaurant operator’s stock valued at $160,000 after acquiring an additional 750 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cracker Barrel by 51.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 377 shares in the last quarter. 87.31% of the stock is currently owned by institutional investors and hedge funds.
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About Cracker Barrel
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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