Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Analysts at SunTrust Banks cut their Q1 2018 earnings estimates for shares of Cracker Barrel Old Country Store in a research report issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $1.71 per share for the quarter, down from their previous estimate of $1.92. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q2 2018 earnings at $2.09 EPS, Q3 2018 earnings at $1.93 EPS, Q4 2018 earnings at $2.68 EPS, FY2018 earnings at $8.41 EPS, Q1 2019 earnings at $2.00 EPS, Q2 2019 earnings at $2.12 EPS, Q3 2019 earnings at $1.99 EPS, Q4 2019 earnings at $2.38 EPS and FY2019 earnings at $8.58 EPS.

Other research analysts have also recently issued research reports about the stock. Instinet restated a “neutral” rating and issued a $158.00 price objective (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday. Nomura dropped their price objective on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Thursday. BidaskClub cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wells Fargo & Company restated a “market perform” rating and issued a $156.00 price objective (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Finally, Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $163.22.

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Shares of Cracker Barrel Old Country Store (CBRL) traded up 1.44% during trading on Friday, hitting $151.16. The stock had a trading volume of 117,875 shares. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 18.32 and a beta of 0.52. The stock’s 50 day moving average is $150.38 and its 200 day moving average is $158.92.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $746.72 million. During the same period last year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis.

Institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $100,000. Bruderman Asset Management LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cracker Barrel Old Country Store by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 61 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $127,000. Finally, Neuburgh Advisers LLC raised its position in shares of Cracker Barrel Old Country Store by 14.0% during the 1st quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

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.

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

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