Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) announced its quarterly earnings data on Tuesday. The company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.17. The business had revenue of $710 million for the quarter, compared to analyst estimates of $713.73 million. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. Cracker Barrel Old Country Store updated its Q2 guidance to $2.05-2.15 EPS and its FY17 guidance to $8.10-8.25 EPS.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 154.16 on Tuesday. Cracker Barrel Old Country Store has a 52-week low of $118.01 and a 52-week high of $172.89. The company’s 50-day moving average is $138.07 and its 200-day moving average is $151.35. The firm has a market cap of $3.70 billion, a P/E ratio of 19.61 and a beta of 0.31.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Friday, January 13th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.98%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 58.45%.

Several brokerages have recently weighed in on CBRL. Telsey Advisory Group cut their price objective on shares of Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating on the stock in a report on Thursday, September 15th. Maxim Group cut their price objective on shares of Cracker Barrel Old Country Store from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 15th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Bank of America Corp. reiterated a “sell” rating and set a $140.00 price objective on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and set a $132.50 price objective (down from $164.00) on shares of Cracker Barrel Old Country Store in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $159.64.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in 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 last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 83.91% of the stock is currently owned by hedge funds and other institutional investors.

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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