Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.80-8.95 for the period. The company issued revenue guidance of $3.15-3.2 billion, compared to the consensus revenue estimate of $3.14 billion.Cracker Barrel Old Country Store also updated its FY20 guidance to $9.30-9.45 EPS.
Shares of NASDAQ CBRL opened at $165.46 on Thursday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.82 and a beta of 0.59. The company has a quick ratio of 0.57, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $166.40 and its two-hundred day simple moving average is $165.01. Cracker Barrel Old Country Store has a twelve month low of $142.17 and a twelve month high of $185.00.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.27. The business had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.19 EPS. As a group, research analysts anticipate that Cracker Barrel Old Country Store will post 9.38 EPS for the current fiscal year.
Cracker Barrel Old Country Store declared that its Board of Directors has authorized a share repurchase program on Tuesday, June 4th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
CBRL has been the subject of several analyst reports. ValuEngine cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a report on Thursday, August 1st. Wells Fargo & Co restated a market perform rating and set a $155.00 target price (up from $150.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Thursday, May 23rd. SunTrust Banks increased their target price on Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a hold rating in a report on Wednesday. Finally, Maxim Group set a $195.00 target price on Cracker Barrel Old Country Store and gave the company a buy rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $172.82.
In related news, major shareholder Sardar Biglari sold 13,887 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $169.97, for a total transaction of $2,360,373.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 999,601 shares of company stock valued at $171,537,766 in the last three months. Corporate insiders own 0.88% of the company’s stock.
Cracker Barrel Old Country Store Company Profile
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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