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

Wall Street analysts forecast that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) will report sales of $800.87 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cracker Barrel Old Country Store’s earnings, with estimates ranging from $800.43 million to $801.30 million. Cracker Barrel Old Country Store reported sales of $713.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full year sales of $3.31 billion for the current fiscal year, with estimates ranging from $3.30 billion to $3.32 billion. For the next year, analysts expect that the business will report sales of $3.48 billion, with estimates ranging from $3.44 billion to $3.51 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last announced its earnings results on Tuesday, February 22nd. The restaurant operator reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $866.00 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s revenue was up 27.3% compared to the same quarter last year.

CBRL has been the topic of a number of analyst reports. Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $132.00 to $113.00 in a report on Thursday, April 7th. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $107.00 price target on the stock. in a report on Tuesday, April 26th. Citigroup initiated coverage on shares of Cracker Barrel Old Country Store in a report on Tuesday, April 12th. They issued a “sell” rating and a $97.00 price target on the stock. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $136.00 to $149.00 in a report on Wednesday, February 23rd. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $129.75.

Cracker Barrel Old Country Store stock opened at $96.04 on Monday. Cracker Barrel Old Country Store has a 12 month low of $94.10 and a 12 month high of $165.21. The company has a current ratio of 0.64, a quick ratio of 0.32 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $114.75 and its 200 day simple moving average is $123.40. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.49 and a beta of 1.26.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 3rd. Investors of record on Monday, April 18th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.41%. The ex-dividend date was Thursday, April 14th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 87.40%.

In other news, SVP Laura A. Daily sold 1,700 shares of Cracker Barrel Old Country Store stock in a transaction on Monday, March 14th. The shares were sold at an average price of $117.28, for a total transaction of $199,376.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.95% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $208,000. Crossmark Global Holdings Inc. increased its holdings in Cracker Barrel Old Country Store by 15.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,122 shares of the restaurant operator’s stock valued at $273,000 after acquiring an additional 280 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Cracker Barrel Old Country Store by 7.4% in the 4th quarter. Russell Investments Group Ltd. now owns 54,538 shares of the restaurant operator’s stock valued at $7,013,000 after acquiring an additional 3,740 shares during the last quarter. Bank of America Corp DE increased its holdings in Cracker Barrel Old Country Store by 1.6% in the 4th quarter. Bank of America Corp DE now owns 560,054 shares of the restaurant operator’s stock valued at $72,044,000 after acquiring an additional 8,731 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 81.40% of the company’s stock.

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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