Cracker Barrel Old Country Store Inc. (CBRL) Updates Q4 Earnings Guidance
Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.69, Stock Ratings Network reports.
Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 100.52 on Wednesday. Cracker Barrel Old Country Store Inc. has a 52-week low of $86.79 and a 52-week high of $118.63. The stock’s 50-day moving average is $96.33 and its 200-day moving average is $101.. The company has a market cap of $2.394 billion and a price-to-earnings ratio of 19.35.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.01. The company had revenue of $643.30 million for the quarter, compared to the consensus estimate of $642.87 million. During the same quarter last year, the company posted $1.02 earnings per share. Cracker Barrel Old Country Store’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Cracker Barrel Old Country Store Inc. will post $5.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 5th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Wednesday, July 16th. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $0.75.
Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Cracker Barrel Old Country Store from an underperform rating to a market perform rating in a research note on Monday, May 5th. Analysts at Longbow Research initiated coverage on shares of Cracker Barrel Old Country Store in a research note on Friday, March 14th. They set a neutral rating on the stock. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cracker Barrel Old Country Store currently has an average rating of Hold and a consensus target price of $111.66.
Cracker Barrel Old Country Store, Inc is principally engaged in the operation and development of the Cracker Barrel Old Country Store concept (NASDAQ:CBRL).
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