Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $2.11. Cracker Barrel Old Country Store also updated its FY18 guidance to $9.30-9.50 EPS.
Cracker Barrel Old Country Store (CBRL) traded down $3.26 during mid-day trading on Wednesday, hitting $160.83. The stock had a trading volume of 220,397 shares, compared to its average volume of 374,014. Cracker Barrel Old Country Store has a 12-month low of $141.75 and a 12-month high of $179.12. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,860.00, a PE ratio of 14.46, a P/E/G ratio of 2.21 and a beta of 0.67.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.42 by $0.31. The firm had revenue of $787.70 million for the quarter, compared to analysts’ expectations of $787.26 million. Cracker Barrel Old Country Store had a return on equity of 36.86% and a net margin of 8.10%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.19 EPS. equities analysts forecast that Cracker Barrel Old Country Store will post 9.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Friday, April 13th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, April 12th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 43.17%.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, March 6th. Bank of America decreased their target price on Cracker Barrel Old Country Store from $160.00 to $155.00 and set an underperform rating on the stock in a research note on Wednesday, February 21st. SunTrust Banks set a $152.00 target price on Cracker Barrel Old Country Store and gave the company a hold rating in a research note on Wednesday, February 21st. Maxim Group reissued a hold rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, February 20th. Finally, Telsey Advisory Group reissued a market perform rating and set a $175.00 target price (up previously from $170.00) on shares of Cracker Barrel Old Country Store in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of Hold and an average price target of $163.13.
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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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