Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Expected to Announce Quarterly Sales of $800.87 Million

Wall Street brokerages expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) to announce $800.87 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings, with the lowest sales estimate coming in at $800.43 million and the highest estimate coming in at $801.30 million. Cracker Barrel Old Country Store reported sales of $713.42 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Cracker Barrel Old Country Store will report full-year sales of $3.31 billion for the current financial year, with estimates ranging from $3.30 billion to $3.32 billion. For the next financial year, analysts forecast that the company will post sales of $3.48 billion, with estimates ranging from $3.44 billion to $3.51 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.09. Cracker Barrel Old Country Store had a return on equity of 25.93% and a net margin of 4.48%. The firm had revenue of $862.26 million for the quarter, compared to analysts’ expectations of $866.00 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 27.3% compared to the same quarter last year.

CBRL has been the subject of several recent research reports. Loop Capital lowered their target price on Cracker Barrel Old Country Store from $132.00 to $113.00 in a report on Thursday, April 7th. Truist Financial upped their target price on Cracker Barrel Old Country Store from $136.00 to $149.00 in a report on Wednesday, February 23rd. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $107.00 target price for the company. in a report on Tuesday, April 26th. Citigroup initiated coverage on Cracker Barrel Old Country Store in a report on Tuesday, April 12th. They set a “sell” rating and a $97.00 target price for the company. Finally, StockNews.com lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, April 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $129.75.

In related news, SVP Laura A. Daily sold 1,700 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $117.28, for a total value of $199,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Several hedge funds have recently modified their holdings of CBRL. JJJ Advisors Inc. increased its position in shares of Cracker Barrel Old Country Store by 265.1% during the 4th quarter. JJJ Advisors Inc. now owns 230 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 167 shares during the period. Confluence Wealth Services Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 66.7% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $32,000. Finally, Eagle Bay Advisors LLC increased its position in shares of Cracker Barrel Old Country Store by 160.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 260 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 160 shares during the period. Institutional investors own 81.40% of the company’s stock.

Shares of NASDAQ CBRL opened at $116.83 on Tuesday. The stock’s 50 day moving average price is $119.44 and its two-hundred day moving average price is $126.09. Cracker Barrel Old Country Store has a 52-week low of $107.24 and a 52-week high of $170.00. The stock has a market capitalization of $2.71 billion, a P/E ratio of 19.64, a PEG ratio of 1.72 and a beta of 1.31. The company has a quick ratio of 0.32, a current ratio of 0.64 and a debt-to-equity ratio of 0.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 3rd. Investors of record on Monday, April 18th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Thursday, April 14th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 87.40%.

About Cracker Barrel Old Country Store (Get Rating)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

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

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