Wall Street analysts expect that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will post $2.18 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings, with the highest EPS estimate coming in at $2.21 and the lowest estimate coming in at $2.16. Cracker Barrel Old Country Store posted earnings per share of $2.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The company is expected to issue its next earnings results on Wednesday, September 13th.

On average, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $8.32 per share for the current year, with EPS estimates ranging from $8.30 to $8.35. For the next fiscal year, analysts expect that the firm will post earnings of $8.85 per share, with EPS estimates ranging from $8.75 to $8.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $713.06 million. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS.

CBRL has been the topic of several research reports. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Maxim Group restated a “hold” rating and issued a $170.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, May 17th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $156.00 price target (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $167.86.

Several hedge funds have recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC increased its position in Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock worth $125,000 after buying an additional 96 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cracker Barrel Old Country Store during the first quarter worth about $127,000. Public Employees Retirement System of Ohio increased its position in Cracker Barrel Old Country Store by 4.7% in the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock worth $164,000 after buying an additional 46 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock worth $172,000 after buying an additional 132 shares in the last quarter. Finally, Pacad Investment Ltd. increased its position in Cracker Barrel Old Country Store by 16.2% in the fourth quarter. Pacad Investment Ltd. now owns 1,162 shares of the restaurant operator’s stock worth $194,000 after buying an additional 162 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

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Shares of Cracker Barrel Old Country Store (NASDAQ CBRL) traded down 0.18% during mid-day trading on Wednesday, hitting $163.32. 336,570 shares of the stock traded hands. The firm has a market capitalization of $3.93 billion, a P/E ratio of 19.80 and a beta of 0.51. Cracker Barrel Old Country Store has a one year low of $130.15 and a one year high of $175.04. The company’s 50 day moving average is $164.17 and its 200 day moving average is $162.41.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $4.80 annualized dividend and a dividend yield of 2.94%. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s payout ratio is currently 55.62%.

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). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a 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.

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