$774.40 Million in Sales Expected for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) This Quarter

Equities research analysts expect that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will report sales of $774.40 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings. The highest sales estimate is $777.60 million and the lowest is $771.20 million. Cracker Barrel Old Country Store posted sales of $810.89 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The firm is expected to announce its next earnings report on Tuesday, September 17th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year sales of $3.06 billion for the current year. For the next fiscal year, analysts expect that the business will report sales of $3.14 billion, with estimates ranging from $3.12 billion to $3.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, June 4th. The restaurant operator reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The business had revenue of $739.60 million during the quarter, compared to analysts’ expectations of $735.15 million. During the same period in the previous year, the firm earned $2.03 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year.

CBRL has been the subject of a number of analyst reports. BidaskClub cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Zacks Investment Research raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Wells Fargo & Co lifted their price objective on Cracker Barrel Old Country Store from $147.00 to $153.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, SunTrust Banks decreased their price objective on Cracker Barrel Old Country Store to $161.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $171.25.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 211,243 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $170.57, for a total value of $36,031,718.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 411,058 shares of company stock valued at $70,012,896. Insiders own 0.88% of the company’s stock.

A number of large investors have recently bought and sold shares of CBRL. Amundi Pioneer Asset Management Inc. raised its holdings in Cracker Barrel Old Country Store by 3.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 69,051 shares of the restaurant operator’s stock worth $11,159,000 after acquiring an additional 2,106 shares in the last quarter. Merit Financial Group LLC raised its holdings in Cracker Barrel Old Country Store by 14.5% during the first quarter. Merit Financial Group LLC now owns 3,574 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 452 shares in the last quarter. Nordea Investment Management AB bought a new stake in Cracker Barrel Old Country Store during the first quarter worth about $18,878,000. Advisory Services Network LLC raised its holdings in Cracker Barrel Old Country Store by 8.3% during the first quarter. Advisory Services Network LLC now owns 4,584 shares of the restaurant operator’s stock worth $741,000 after acquiring an additional 350 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Cracker Barrel Old Country Store by 69.1% during the first quarter. Marshall Wace LLP now owns 353,035 shares of the restaurant operator’s stock worth $57,054,000 after acquiring an additional 144,284 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Shares of Cracker Barrel Old Country Store stock opened at $170.52 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. Cracker Barrel Old Country Store has a 12 month low of $141.63 and a 12 month high of $185.00. The business’s fifty day moving average is $165.99. The firm has a market capitalization of $4.11 billion, a PE ratio of 19.22, a PEG ratio of 1.90 and a beta of 0.54.

Cracker Barrel Old Country Store declared that its board has initiated a share repurchase plan on Tuesday, June 4th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a special dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 3%. Cracker Barrel Old Country Store’s payout ratio is 56.37%.

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.

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

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