Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $8.10-8.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.13. The company issued revenue guidance of $2.95-3.00 billion, compared to the consensus revenue estimate of $2.99 billion.Cracker Barrel Old Country Store also updated its Q2 guidance to $2.05-2.15 EPS.

CBRL has been the subject of several research analyst reports. Telsey Advisory Group decreased their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $150.00 and set a market perform rating for the company in a research note on Thursday, September 15th. Maxim Group reduced their target price on shares of Cracker Barrel Old Country Store from $170.00 to $165.00 and set a buy rating for the company in a research report on Thursday, September 15th. Zacks Investment Research raised Cracker Barrel Old Country Store from a sell rating to a hold rating in a research report on Tuesday, September 6th. Bank of America Corp. reissued a sell rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 15th. Finally, Wells Fargo & Co. reaffirmed a market perform rating and set a $132.50 target price (down from $164.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of Hold and an average price target of $159.64.

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

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 154.16 on Tuesday. Cracker Barrel Old Country Store Inc. has a 1-year low of $118.01 and a 1-year high of $172.89. The stock has a 50 day moving average price of $138.07 and a 200 day moving average price of $151.35. The stock has a market cap of $3.70 billion, a PE ratio of 19.61 and a beta of 0.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.84 by $0.17. The company had revenue of $710 million for the quarter, compared to the consensus estimate of $713.73 million. Cracker Barrel Old Country Store had a return on equity of 33.11% and a net margin of 6.50%. Cracker Barrel Old Country Store’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. On average, analysts predict that Cracker Barrel Old Country Store Inc. will post $8.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.98%. Cracker Barrel Old Country Store’s payout ratio is currently 58.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock valued at $62,836,000 after buying an additional 81,955 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Cracker Barrel Old Country Store by 5.5% in the second quarter. BlackRock Fund Advisors now owns 1,112,755 shares of the company’s stock valued at $190,804,000 after buying an additional 57,987 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at about $5,967,000. Lord Abbett & CO. LLC bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at about $7,305,000. Finally, Allianz Asset Management AG boosted its stake in shares of Cracker Barrel Old Country Store by 14.9% in the second quarter. Allianz Asset Management AG now owns 230,384 shares of the company’s stock valued at $39,504,000 after buying an additional 29,859 shares during the period. Institutional investors own 83.91% of the company’s stock.

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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.

5 Day Chart for NASDAQ:CBRL

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