Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cracker Barrel Old Country Store (CBRL) Share Price

News stories about Cracker Barrel Old Country Store (NASDAQ:CBRL) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cracker Barrel Old Country Store earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 45.7813543377727 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Cracker Barrel Old Country Store (CBRL) traded down $1.28 on Tuesday, reaching $170.95. The company had a trading volume of 343,744 shares, compared to its average volume of 255,736. The company has a market capitalization of $4,100.00, a P/E ratio of 20.62, a PEG ratio of 2.04 and a beta of 0.46. Cracker Barrel Old Country Store has a 12 month low of $141.75 and a 12 month high of $176.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The company had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. Cracker Barrel Old Country Store’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $2.01 earnings per share. sell-side analysts anticipate that Cracker Barrel Old Country Store will post 9.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be given a $1.20 dividend. The ex-dividend date is Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a yield of 2.81%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 57.90%.

Cracker Barrel Old Country Store announced that its board has authorized a share repurchase program on Friday, September 29th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy up to 0.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

CBRL has been the subject of a number of research analyst reports. SunTrust Banks reaffirmed a “hold” rating and set a $136.00 price objective on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Maxim Group reaffirmed a “hold” rating and set a $160.00 price objective (up from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating and set a $173.00 target price for the company in a research report on Wednesday, November 8th. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Longbow Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $161.38.

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About Cracker Barrel Old Country Store

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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