Wall Street analysts forecast that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will report $751.45 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings. The highest sales estimate is $753.40 million and the lowest is $749.50 million. Cracker Barrel Old Country Store posted sales of $745.58 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The firm is expected to issue its next earnings results on Wednesday, September 13th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full year sales of $751.45 million for the current year, with estimates ranging from $2.93 billion to $2.94 billion. For the next financial year, analysts forecast that the business will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $713.06 million. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS.

Several equities research analysts have recently weighed in on the stock. Nomura assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday. They issued a “neutral” rating and a $162.00 target price on the stock. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a report on Wednesday. Instinet assumed coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday. They issued a “neutral” rating and a $162.00 target price on the stock. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $165.78.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in Cracker Barrel Old Country Store by 18,784.9% in the first quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock worth $358,755,000 after buying an additional 2,240,854 shares during the last quarter. Vanguard Group Inc. increased its position in Cracker Barrel Old Country Store by 15.3% in the first quarter. Vanguard Group Inc. now owns 2,216,606 shares of the restaurant operator’s stock worth $352,995,000 after buying an additional 294,756 shares during the last quarter. Norges Bank acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $34,415,000. Schroder Investment Management Group increased its position in Cracker Barrel Old Country Store by 338.6% in the first quarter. Schroder Investment Management Group now owns 243,160 shares of the restaurant operator’s stock worth $38,801,000 after buying an additional 187,718 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Cracker Barrel Old Country Store by 77.7% in the first quarter. AQR Capital Management LLC now owns 413,559 shares of the restaurant operator’s stock worth $65,859,000 after buying an additional 180,824 shares during the last quarter. 89.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cracker Barrel Old Country Store (CBRL) traded down 2.04% during mid-day trading on Thursday, reaching $156.99. 172,926 shares of the company traded hands. The stock’s 50 day moving average is $164.73 and its 200 day moving average is $162.31. The stock has a market capitalization of $3.77 billion, a PE ratio of 19.03 and a beta of 0.52. Cracker Barrel Old Country Store has a 52-week low of $130.15 and a 52-week high of $175.04.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.00%. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.62%.

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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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