Cracker Barrel Old Country Store, Inc. (CBRL) Releases FY18 Earnings Guidance
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $8.85-9.00 for the period, compared to the Thomson Reuters consensus estimate of $8.89. The company issued revenue guidance of $3.1 billion, compared to the consensus revenue estimate of $3.04 billion.Cracker Barrel Old Country Store also updated its Q1 guidance to $1.85-1.95 EPS.
Several brokerages have weighed in on CBRL. Bank of America Corporation dropped their price objective on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an underperform rating for the company in a report on Monday. Maxim Group reaffirmed a hold rating and issued a $170.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Zacks Investment Research cut Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Monday. Wells Fargo & Company reissued a market perform rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. Finally, BidaskClub cut Cracker Barrel Old Country Store from a sell rating to a strong sell rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $164.11.
Cracker Barrel Old Country Store, Inc. (NASDAQ CBRL) opened at 148.42 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $130.15 and a 12-month high of $175.04. The firm has a market cap of $3.57 billion, a PE ratio of 17.99 and a beta of 0.52. The stock’s 50 day moving average price is $151.10 and its 200-day moving average price is $159.15.
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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