Wall Street brokerages expect that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will post sales of $751.45 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings, with the highest sales estimate coming in at $753.40 million and the lowest estimate coming in at $749.50 million. Cracker Barrel Old Country Store reported sales of $745.58 million during the same quarter last year, which indicates a positive year over year growth rate of 0.8%. The business is expected to issue its next quarterly earnings results before the market opens 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 fiscal year, analysts anticipate that the business will report sales of $3.07 billion per share, with estimates ranging from $3.06 billion to $3.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Cracker Barrel Old Country Store.

A number of analysts have issued reports on CBRL shares. Nomura started coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. BidaskClub downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, July 12th. Instinet started coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Maxim Group reiterated a “hold” rating and issued a $155.00 price target (down from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $164.11.

Shares of Cracker Barrel Old Country Store (CBRL) opened at 144.72 on Friday. Cracker Barrel Old Country Store has a 52-week low of $130.15 and a 52-week high of $175.04. The firm’s 50-day moving average is $151.49 and its 200 day moving average is $159.28. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.54 and a beta of 0.52.

Institutional investors have recently bought and sold shares of the company. Koch Industries Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth about $232,000. Crawford Investment Counsel Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 25.3% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 96,408 shares of the restaurant operator’s stock worth $16,124,000 after buying an additional 19,437 shares during the last quarter. Jensen Investment Management Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 24.4% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,880 shares of the restaurant operator’s stock worth $649,000 after buying an additional 760 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cracker Barrel Old Country Store by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock worth $63,028,000 after buying an additional 11,236 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Cracker Barrel Old Country Store by 3.0% in the 1st quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

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Cracker Barrel Old Country Store Company Profile

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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