Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Quarterly Earnings Results

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 number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Cracker Barrel Old Country Store from $164.00 to $137.00 and set an “underweight” rating for the company in a research note on Wednesday, September 8th. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a research note on Friday, May 28th. MKM Partners decreased their target price on shares of Cracker Barrel Old Country Store from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 15th. Truist reduced their price target on shares of Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating on the stock in a research report on Wednesday, September 15th. Finally, Truist Securities reduced their price target on shares of Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating on the stock in a research report on Wednesday, September 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $167.78.

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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Earnings History for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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