Q4 2022 Earnings Forecast for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Issued By Truist Securiti

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Stock analysts at Truist Securiti dropped their Q4 2022 earnings per share (EPS) estimates for Cracker Barrel Old Country Store in a research note issued on Tuesday, November 23rd. Truist Securiti analyst J. Bartlett now anticipates that the restaurant operator will earn $2.66 per share for the quarter, down from their previous forecast of $2.70. Truist Securiti also issued estimates for Cracker Barrel Old Country Store’s Q1 2023 earnings at $1.86 EPS, Q2 2023 earnings at $2.44 EPS, Q3 2023 earnings at $2.11 EPS and Q4 2023 earnings at $2.70 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, November 23rd. The restaurant operator reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.03). The business had revenue of $784.90 million for the quarter, compared to analyst estimates of $768.67 million. Cracker Barrel Old Country Store had a return on equity of 19.44% and a net margin of 9.02%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS.

Several other analysts have also recently weighed in on CBRL. TheStreet upgraded Cracker Barrel Old Country Store from a “c+” rating to a “b” rating in a report on Wednesday, November 17th. Truist Securities reduced their price target on Cracker Barrel Old Country Store from $152.00 to $146.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America initiated coverage on Cracker Barrel Old Country Store in a report on Tuesday, October 26th. They set a “neutral” rating and a $148.00 price target on the stock. Wells Fargo & Company boosted their price target on Cracker Barrel Old Country Store from $137.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, September 22nd. Finally, Loop Capital initiated coverage on Cracker Barrel Old Country Store in a report on Wednesday, October 13th. They set a “hold” rating and a $140.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $150.70.

Shares of NASDAQ CBRL opened at $132.22 on Thursday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.14 and a beta of 1.43. The company has a current ratio of 0.76, a quick ratio of 0.46 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $139.14 and a two-hundred day moving average price of $143.59. Cracker Barrel Old Country Store has a 12 month low of $123.74 and a 12 month high of $178.82.

Cracker Barrel Old Country Store declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 1st. Investors of record on Friday, January 14th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, January 13th. Cracker Barrel Old Country Store’s payout ratio is presently 48.55%.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Cracker Barrel Old Country Store by 18.0% in the third quarter. Bank of New York Mellon Corp now owns 400,451 shares of the restaurant operator’s stock valued at $55,999,000 after acquiring an additional 60,946 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Cracker Barrel Old Country Store by 50.7% in the third quarter. Deprince Race & Zollo Inc. now owns 126,544 shares of the restaurant operator’s stock valued at $17,696,000 after buying an additional 42,591 shares during the period. Cetera Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 58.3% in the third quarter. Cetera Advisors LLC now owns 36,433 shares of the restaurant operator’s stock valued at $5,095,000 after buying an additional 13,417 shares during the period. Cetera Advisor Networks LLC lifted its stake in Cracker Barrel Old Country Store by 37.1% in the third quarter. Cetera Advisor Networks LLC now owns 4,433 shares of the restaurant operator’s stock valued at $620,000 after buying an additional 1,200 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Cracker Barrel Old Country Store by 29.0% in the third quarter. BNP Paribas Arbitrage SA now owns 9,081 shares of the restaurant operator’s stock valued at $1,270,000 after buying an additional 2,042 shares during the period. Institutional investors and hedge funds own 89.12% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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

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