Cracker Barrel Old Country Store (CBRL) Given Daily News Sentiment Rating of 0.10
Press coverage about Cracker Barrel Old Country Store (NASDAQ:CBRL) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cracker Barrel Old Country Store earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 45.6552689016899 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Cracker Barrel Target Upgraded To $183 – Seeking Alpha (seekingalpha.com)
- Cracker Barrel Old Country Store (CBRL) Given “Hold” Rating at SunTrust Banks (americanbankingnews.com)
- ETFs with exposure to Cracker Barrel Old Country Store, Inc. : January 1, 2018 (finance.yahoo.com)
- Zacks: Brokerages Anticipate Cracker Barrel Old Country Store, Inc. (CBRL) Will Post Quarterly Sales of $783.70 Million (americanbankingnews.com)
- CBRL Breaks Above 3% Yield Territory (nasdaq.com)
A number of research firms have recently commented on CBRL. SunTrust Banks reiterated a “hold” rating and issued a $163.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Wednesday. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Longbow Research lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Instinet reiterated a “neutral” rating and issued a $158.00 price objective (down from $162.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 14th. Finally, Nomura dropped their price objective on Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $158.63.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm had revenue of $710.40 million for the quarter, compared to analyst estimates of $718.85 million. During the same period in the previous year, the company posted $2.01 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. research analysts predict that Cracker Barrel Old Country Store will post 8.63 EPS for the current fiscal year.
Cracker Barrel Old Country Store declared that its Board of Directors has initiated a stock repurchase plan on Friday, September 29th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 0.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $4.80 annualized dividend and a yield of 2.93%. Cracker Barrel Old Country Store’s dividend payout ratio is 57.90%.
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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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