Brokerages Anticipate Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to Announce -$0.76 EPS

Brokerages expect that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will announce ($0.76) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cracker Barrel Old Country Store’s earnings, with estimates ranging from ($2.00) to $0.42. Cracker Barrel Old Country Store reported earnings of $2.70 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 128.1%. The firm is expected to announce its next earnings results on Tuesday, September 15th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $0.98 to $3.50. For the next fiscal year, analysts forecast that the business will report earnings of $4.96 per share, with EPS estimates ranging from $4.25 to $6.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, June 2nd. The restaurant operator reported ($1.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.21). The firm had revenue of $432.50 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 41.5% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS.

Several brokerages have issued reports on CBRL. Wells Fargo & Co increased their target price on Cracker Barrel Old Country Store from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. SunTrust Banks raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their target price for the company from $117.00 to $133.00 in a research report on Wednesday, June 3rd. MKM Partners increased their target price on Cracker Barrel Old Country Store from $82.00 to $110.00 in a research report on Wednesday, June 3rd. Finally, ValuEngine upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Thursday, May 21st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average target price of $133.43.

NASDAQ CBRL traded up $0.47 during midday trading on Thursday, hitting $109.78. 4,827 shares of the company traded hands, compared to its average volume of 723,593. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.58 and a quick ratio of 1.16. The company has a market cap of $2.59 billion, a PE ratio of 472.37 and a beta of 1.08. The company’s 50-day simple moving average is $108.26 and its 200-day simple moving average is $123.16. Cracker Barrel Old Country Store has a 52 week low of $53.61 and a 52 week high of $180.93.

A number of hedge funds have recently modified their holdings of CBRL. CWM LLC raised its stake in Cracker Barrel Old Country Store by 1,752.6% in the 1st quarter. CWM LLC now owns 352 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 333 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $31,000. FinTrust Capital Advisors LLC grew its position in Cracker Barrel Old Country Store by 209.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 390 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 264 shares during the period. Royal Fund Management LLC acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter worth about $38,000. Finally, Sowell Financial Services LLC grew its position in Cracker Barrel Old Country Store by 685.2% during the 1st quarter. Sowell Financial Services LLC now owns 479 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 418 shares during the period. Institutional investors own 78.45% 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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