Wall Street analysts predict that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will report earnings per share (EPS) of $2.04 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The highest EPS estimate is $2.07 and the lowest is $2.02. Cracker Barrel Old Country Store posted earnings of $2.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The company is expected to announce its next quarterly earnings results on Tuesday, May 28th.

On average, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $8.95 per share for the current financial year, with EPS estimates ranging from $8.85 to $9.00. For the next financial year, analysts forecast that the business will post earnings of $9.28 per share, with EPS estimates ranging from $9.00 to $9.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.06. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The business had revenue of $811.70 million during the quarter, compared to analyst estimates of $810.49 million. During the same period in the previous year, the business posted $2.73 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 3.0% on a year-over-year basis.

Several brokerages have issued reports on CBRL. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $190.00 in a research report on Thursday, April 11th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Co dropped their target price on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a “market perform” rating for the company in a research report on Wednesday, February 27th. Finally, Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $169.82.

Shares of Cracker Barrel Old Country Store stock opened at $166.56 on Friday. Cracker Barrel Old Country Store has a 1 year low of $141.63 and a 1 year high of $185.00. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Friday, April 19th were issued a $1.25 dividend. The ex-dividend date was Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

In other news, major shareholder Sardar Biglari sold 12,130 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 176,586 shares of company stock valued at $30,068,353. Company insiders own 0.88% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $398,000. Mackay Shields LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $6,624,000. Bank of America Corp DE lifted its holdings in shares of Cracker Barrel Old Country Store by 21.2% in the 4th quarter. Bank of America Corp DE now owns 69,576 shares of the restaurant operator’s stock worth $11,122,000 after acquiring an additional 12,159 shares during the last quarter. Doyle Wealth Management bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $26,000. Finally, Horrell Capital Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 0.9% in the 4th quarter. Horrell Capital Management Inc. now owns 31,029 shares of the restaurant operator’s stock worth $4,960,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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