Cracker Barrel Old Country Store, Inc. (CBRL) Forecasted to Post Q2 2019 Earnings of $2.34 Per Share

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Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Investment analysts at SunTrust Banks cut their Q2 2019 earnings estimates for Cracker Barrel Old Country Store in a research report issued on Tuesday, September 18th, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $2.34 per share for the quarter, down from their prior forecast of $2.47. SunTrust Banks currently has a “Hold” rating and a $134.00 target price on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q3 2019 earnings at $2.02 EPS, Q4 2019 earnings at $2.45 EPS, FY2019 earnings at $8.72 EPS, Q1 2020 earnings at $1.98 EPS, Q2 2020 earnings at $2.49 EPS, Q3 2020 earnings at $2.19 EPS and Q4 2020 earnings at $2.67 EPS.

Several other equities research analysts have also recently issued reports on CBRL. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. BidaskClub cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Maxim Group upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $187.00 in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, Telsey Advisory Group lowered their target price on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $158.00.

Cracker Barrel Old Country Store stock traded up $0.47 during midday trading on Thursday, hitting $150.31. 436,220 shares of the stock were exchanged, compared to its average volume of 330,078. Cracker Barrel Old Country Store has a fifty-two week low of $141.63 and a fifty-two week high of $179.12. The stock has a market cap of $3.53 billion, a P/E ratio of 16.95, a PEG ratio of 2.29 and a beta of 0.58. The company has a current ratio of 0.84, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.14). Cracker Barrel Old Country Store had a return on equity of 35.81% and a net margin of 8.17%. The firm had revenue of $810.90 million for the quarter, compared to analyst estimates of $824.86 million. During the same quarter in the previous year, the business posted $2.23 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 9.1% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of CBRL. Swiss National Bank boosted its stake in shares of Cracker Barrel Old Country Store by 3.4% in the first quarter. Swiss National Bank now owns 33,550 shares of the restaurant operator’s stock valued at $5,341,000 after purchasing an additional 1,100 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 13.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 256,171 shares of the restaurant operator’s stock valued at $40,783,000 after purchasing an additional 31,325 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $4,967,000. Private Advisor Group LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter worth approximately $345,000. Finally, BlackRock Inc. lifted its stake in Cracker Barrel Old Country Store by 2.5% in the first quarter. BlackRock Inc. now owns 2,386,222 shares of the restaurant operator’s stock worth $379,885,000 after acquiring an additional 59,146 shares during the last quarter. 87.45% of the stock is owned by institutional investors and hedge funds.

In other news, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $145.81, for a total value of $874,860.00. Following the completion of the transaction, the vice president now owns 18,784 shares of the company’s stock, valued at $2,738,895.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the transaction, the vice president now directly owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Friday, October 19th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

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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