Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases Q1 Earnings Guidance

Cracker Barrel Old Country Store (NASDAQ:CBRL) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.45 for the period, compared to the consensus EPS estimate of $0.34. The company issued revenue guidance of $845.1 million, compared to the consensus revenue estimate of $826.38 million.

Cracker Barrel Old Country Store Stock Up 0.5 %

Cracker Barrel Old Country Store stock opened at $45.27 on Thursday. The stock’s fifty day moving average is $44.72 and its two-hundred day moving average is $45.02. The stock has a market cap of $1.01 billion, a PE ratio of 24.60, a P/E/G ratio of 1.29 and a beta of 1.42. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The company had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the prior year, the firm posted $1.79 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were given a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.21%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 54.35%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBRL. Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Bank of America increased their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, September 20th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.57.

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.