Wall Street brokerages forecast that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will report $483.68 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Cracker Barrel Old Country Store’s earnings, with the highest sales estimate coming in at $492.05 million and the lowest estimate coming in at $475.30 million. Cracker Barrel Old Country Store posted sales of $787.10 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 38.5%. The company is expected to report its next earnings results on Tuesday, September 15th.

On average, analysts expect that Cracker Barrel Old Country Store will report full year sales of $2.51 billion for the current year, with estimates ranging from $2.50 billion to $2.52 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.77 billion, with estimates ranging from $2.77 billion to $2.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 2nd. The restaurant operator reported ($1.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.21). The company had revenue of $432.50 million for the quarter, compared to analysts’ expectations of $436.22 million. Cracker Barrel Old Country Store had a return on equity of 24.85% and a net margin of 0.27%. The business’s revenue for the quarter was down 41.5% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS.

Several equities research analysts have weighed in on the company. Wells Fargo & Co increased their price objective on Cracker Barrel Old Country Store from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Friday, June 5th. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. MKM Partners increased their price objective on Cracker Barrel Old Country Store from $82.00 to $110.00 in a report on Wednesday, June 3rd. Finally, TheStreet cut Cracker Barrel Old Country Store from a “b” rating to a “c+” rating in a report on Monday, March 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $133.43.

CBRL traded up $0.47 on Friday, hitting $109.78. 4,827 shares of the company were exchanged, compared to its average volume of 723,593. The firm has a fifty day simple moving average of $108.26 and a two-hundred day simple moving average of $123.16. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.16 and a current ratio of 1.58. Cracker Barrel Old Country Store has a 12 month low of $53.61 and a 12 month high of $180.93. The stock has a market capitalization of $2.59 billion, a PE ratio of 472.37 and a beta of 1.08.

A number of large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. purchased a new stake in Cracker Barrel Old Country Store during the first quarter worth $1,043,000. Norges Bank purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter worth $41,389,000. AQR Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 172.6% during the first quarter. AQR Capital Management LLC now owns 368,534 shares of the restaurant operator’s stock worth $29,236,000 after buying an additional 233,337 shares during the period. Advisory Research Inc. purchased a new stake in Cracker Barrel Old Country Store during the first quarter worth $11,133,000. Finally, Two Sigma Advisers LP lifted its holdings in Cracker Barrel Old Country Store by 316.3% during the first quarter. Two Sigma Advisers LP now owns 164,845 shares of the restaurant operator’s stock worth $13,718,000 after buying an additional 125,245 shares during the period. 78.45% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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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