Cracker Barrel Old Country Store, Inc. (CBRL) Set to Announce Earnings on Monday
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) is scheduled to post its quarterly earnings results before the market opens on Monday, November 20th. Analysts expect Cracker Barrel Old Country Store to post earnings of $1.99 per share for the quarter. Cracker Barrel Old Country Store has set its Q1 guidance at $1.85-1.95 EPS and its FY18 guidance at $8.85-9.00 EPS.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.05. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $746.72 million. During the same quarter in the previous year, the company earned $2.12 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect Cracker Barrel Old Country Store to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at $158.70 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.54 and a current ratio of 0.95. The firm has a market cap of $3,780.00, a price-to-earnings ratio of 18.78, a P/E/G ratio of 2.64 and a beta of 0.48. Cracker Barrel Old Country Store, Inc. has a one year low of $141.75 and a one year high of $175.04.
The business also recently declared a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Friday, October 13th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.02%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.35%.
Cracker Barrel Old Country Store announced that its Board of Directors has initiated a share repurchase plan on Friday, September 29th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of brokerages have issued reports on CBRL. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a $173.00 price target on the stock in a report on Wednesday, November 8th. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Instinet reiterated a “neutral” rating and issued a $158.00 price target (down from $162.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 14th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $136.00 price target on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Finally, Nomura reduced their price target on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $160.20.
In related news, Director Andrea Weiss sold 2,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $153.39, for a total transaction of $306,780.00. Following the completion of the transaction, the director now directly owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of Cracker Barrel Old Country Store stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the transaction, the chief executive officer now directly owns 157,591 shares of the company’s stock, valued at $23,901,826.97. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
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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). 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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