Cracker Barrel Old Country Store (NASDAQ:CBRL) announced its earnings results on Monday. The restaurant operator reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.03), MarketWatch Earnings reports. Cracker Barrel Old Country Store had a net margin of 9.02% and a return on equity of 19.44%. The business had revenue of $784.90 million for the quarter, compared to the consensus estimate of $768.67 million. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 21.4% on a year-over-year basis.
Shares of NASDAQ:CBRL traded up $0.60 on Wednesday, reaching $131.05. The company had a trading volume of 2,517 shares, compared to its average volume of 300,946. Cracker Barrel Old Country Store has a twelve month low of $123.74 and a twelve month high of $178.82. The stock has a 50-day moving average price of $139.19 and a 200 day moving average price of $143.67. The stock has a market capitalization of $3.08 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.14 and a beta of 1.43. The company has a quick ratio of 0.46, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 14th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.97%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 48.55%.
Cracker Barrel Old Country Store announced that its Board of Directors has authorized a share repurchase program on Tuesday, September 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
An institutional investor recently raised its position in Cracker Barrel Old Country Store stock. Morgan Stanley grew its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,053 shares of the restaurant operator’s stock after buying an additional 3,876 shares during the period. Morgan Stanley owned approximately 0.50% of Cracker Barrel Old Country Store worth $17,676,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 89.12% of the company’s stock.
Cracker Barrel Old Country Store Company Profile
Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.
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