Cracker Barrel (NASDAQ:CBRL) Earning Somewhat Positive Media Coverage, Study Shows

Media stories about Cracker Barrel (NASDAQ:CBRL) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cracker Barrel earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 47.4624540125872 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s rankings:

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CBRL has been the subject of several recent analyst reports. BidaskClub raised shares of Cracker Barrel from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Cracker Barrel from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a report on Wednesday, January 10th. Maxim Group reaffirmed a “hold” rating on shares of Cracker Barrel in a report on Tuesday, February 20th. SunTrust Banks set a $152.00 target price on shares of Cracker Barrel and gave the stock a “hold” rating in a report on Wednesday, February 21st. Finally, Bank of America decreased their target price on shares of Cracker Barrel from $160.00 to $155.00 and set an “underperform” rating for the company in a report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $163.13.

Shares of CBRL traded up $1.63 during mid-day trading on Friday, hitting $159.20. 178,173 shares of the company traded hands, compared to its average volume of 230,138. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. Cracker Barrel has a 1 year low of $141.75 and a 1 year high of $179.12. The stock has a market capitalization of $3,821.44, a price-to-earnings ratio of 19.02, a PEG ratio of 2.17 and a beta of 0.67.

Cracker Barrel (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.31. Cracker Barrel had a net margin of 8.10% and a return on equity of 36.86%. The firm had revenue of $787.70 million during the quarter, compared to analysts’ expectations of $787.26 million. During the same period in the previous year, the company earned $2.19 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. analysts expect that Cracker Barrel will post 9.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, April 13th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, April 12th. This represents a $4.80 annualized dividend and a dividend yield of 3.02%. Cracker Barrel’s payout ratio is 57.35%.

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About Cracker Barrel

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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