Cracker Barrel Old Country Store (NASDAQ:CBRL) released its quarterly earnings results on Tuesday. The restaurant operator reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.08), MarketWatch Earnings reports. Cracker Barrel Old Country Store had a net margin of 9.61% and a return on equity of 8.61%. The company had revenue of $784.40 million during the quarter, compared to analysts’ expectations of $794.07 million. During the same period last year, the firm posted ($0.85) earnings per share. Cracker Barrel Old Country Store’s revenue was up 58.4% on a year-over-year basis.
Shares of CBRL stock opened at $135.16 on Wednesday. The stock’s fifty day moving average is $138.64 and its 200-day moving average is $153.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.03 and a current ratio of 1.32. The stock has a market capitalization of $3.21 billion, a PE ratio of 13.21 and a beta of 1.51. Cracker Barrel Old Country Store has a 52 week low of $106.92 and a 52 week high of $178.82.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 9th. Shareholders of record on Friday, October 22nd will be paid a dividend of $1.30 per share. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.00. This represents a $5.20 annualized dividend and a yield of 3.85%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 196.08%.
A hedge fund recently raised its stake in Cracker Barrel Old Country Store stock. Morgan Stanley lifted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,053 shares of the restaurant operator’s stock after purchasing an additional 3,876 shares during the quarter. Morgan Stanley owned 0.50% of Cracker Barrel Old Country Store worth $17,676,000 at the end of the most recent quarter. 88.38% of the stock is owned by hedge funds and other institutional investors.
About Cracker Barrel Old Country Store
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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