Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases Quarterly Earnings Results, Beats Expectations By $0.82 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRL) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.17 by $0.82, Zacks reports. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $45.48 on Wednesday. Cracker Barrel Old Country Store has a twelve month low of $24.85 and a twelve month high of $60.26. The business has a 50-day moving average price of $53.91 and a 200-day moving average price of $41.84. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 39.21 and a beta of 1.19.

Analysts Set New Price Targets

Several research firms have issued reports on CBRL. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Weiss Ratings raised Cracker Barrel Old Country Store from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Bank of America lifted their price objective on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Argus increased their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.43.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.