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 Trading Up 0.5 %

CBRL opened at $45.27 on Thursday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.29 and a beta of 1.42. The firm’s 50 day moving average is $44.72 and its 200-day moving average is $45.02. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the previous year, the firm posted $1.79 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 54.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CBRL shares. Truist Financial lifted their price target on 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 lifted their target price 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. Loop Capital dropped their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. 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 on the stock 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. According to MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average price target 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.