Q1 2019 EPS Estimates for Cracker Barrel Old Country Store, Inc. Reduced by Analyst (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities research analysts at SunTrust Banks cut their Q1 2019 earnings per share (EPS) estimates for Cracker Barrel Old Country Store in a report released on Tuesday, September 18th, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $1.92 per share for the quarter, down from their prior forecast of $2.27. SunTrust Banks has a “Hold” rating and a $134.00 price objective on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s FY2020 earnings at $9.33 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $810.90 million for the quarter, compared to analysts’ expectations of $824.86 million. During the same quarter last year, the business posted $2.23 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the company. Maxim Group decreased their price target on Cracker Barrel Old Country Store from $187.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, September 19th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, August 17th. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 7th. ValuEngine downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, Wells Fargo & Co reduced their target price on Cracker Barrel Old Country Store from $140.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $158.00.

Shares of NASDAQ CBRL traded up $0.47 during mid-day trading on Friday, hitting $150.31. 436,220 shares of the company were exchanged, compared to its average volume of 330,078. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.84 and a quick ratio of 0.41. Cracker Barrel Old Country Store has a 1-year low of $141.63 and a 1-year high of $179.12. The company has a market cap of $3.53 billion, a PE ratio of 16.95, a P/E/G ratio of 2.29 and a beta of 0.58.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Stockholders 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 dividend yield of 3.33%. The ex-dividend date is Thursday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

In other news, VP Laura A. Daily sold 2,740 shares of Cracker Barrel Old Country Store stock in a transaction on Thursday, September 27th. The stock was 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 owns 11,392 shares of the company’s stock, valued at approximately $1,658,675.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of Cracker Barrel Old Country Store stock in a transaction on Monday, September 24th. The stock was sold at an average price of $145.81, for a total value of $874,860.00. Following the transaction, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 273,583 shares of the restaurant operator’s stock worth $42,737,000 after purchasing an additional 17,412 shares in the last quarter. Arizona State Retirement System increased its position in Cracker Barrel Old Country Store by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 16,665 shares of the restaurant operator’s stock worth $2,603,000 after purchasing an additional 395 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth about $733,000. Scout Investments Inc. increased its position in Cracker Barrel Old Country Store by 0.9% during the 2nd quarter. Scout Investments Inc. now owns 148,151 shares of the restaurant operator’s stock worth $23,143,000 after purchasing an additional 1,268 shares in the last quarter. Finally, AE Wealth Management LLC increased its position in Cracker Barrel Old Country Store by 34.9% during the 2nd quarter. AE Wealth Management LLC now owns 2,000 shares of the restaurant operator’s stock worth $312,000 after purchasing an additional 517 shares in the last quarter. 87.45% of the stock is owned by institutional investors and hedge funds.

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 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.

See Also: Call Option

Get a free copy of the Zacks research report on Cracker Barrel Old Country Store (CBRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply