Cracker Barrel Old Country Store (NASDAQ:CBRL) Issues Earnings Results, Beats Estimates By $0.41 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRL) announced its quarterly earnings results on Thursday. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.41, Briefing.com reports. The firm had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. Cracker Barrel Old Country Store updated its FY 2025 guidance to EPS.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $55.38 on Friday. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. The firm has a 50-day simple moving average of $47.57 and a 200-day simple moving average of $49.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRL. Citigroup restated a “sell” rating and issued a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday. UBS Group restated a “neutral” rating and issued a $60.00 price objective (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Loop Capital upped their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $53.71.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 105,900 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the transaction, the insider now owns 2,452,200 shares of the company’s stock, valued at $88,132,068. The trade was a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

An institutional investor recently raised its position in Cracker Barrel Old Country Store stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,138 shares of the restaurant operator’s stock after purchasing an additional 546 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Cracker Barrel Old Country Store worth $510,000 as of its most recent SEC filing. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.