Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.05-2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.09. Cracker Barrel Old Country Store also updated its FY17 guidance to $8.10-8.25 EPS.

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 154.16 on Tuesday. Cracker Barrel Old Country Store Inc. has a 52 week low of $118.01 and a 52 week high of $172.89. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 19.61 and a beta of 0.31. The firm has a 50-day moving average price of $138.07 and a 200 day moving average price of $151.35.

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

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

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

Several equities research analysts recently weighed in on CBRL shares. Zacks Investment Research lowered Cracker Barrel Old Country Store from a hold rating to a sell rating in a research report on Thursday, September 15th. Wells Fargo & Co. reiterated a market perform rating and set a $132.50 price objective (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. Maxim Group reduced their price target on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a buy rating on the stock in a report on Monday, August 8th. Telsey Advisory Group reduced their price target on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a market perform rating on the stock in a report on Tuesday, August 30th. Finally, Bank of America Corp. reaffirmed a sell rating and set a $140.00 target price on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $159.64.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. BlackRock Fund Advisors boosted its position 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 worth $190,804,000 after buying an additional 57,987 shares during the period. State Street Corp boosted its position in shares of Cracker Barrel Old Country Store by 0.4% in the second quarter. State Street Corp now owns 718,388 shares of the company’s stock worth $123,188,000 after buying an additional 3,062 shares during the period. FMR LLC boosted its position in shares of Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock worth $62,836,000 after buying an additional 81,955 shares during the period. Allianz Asset Management AG boosted its position 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 worth $39,504,000 after buying an additional 29,859 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 5.6% in the second quarter. BlackRock Investment Management LLC now owns 130,634 shares of the company’s stock worth $22,400,000 after buying an additional 6,946 shares during the period. 83.91% of the stock is owned by hedge funds and other institutional investors.

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). 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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