Analysts forecast that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will report $1.94 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The lowest EPS estimate is $1.92 and the highest is $1.95. Cracker Barrel Old Country Store posted earnings per share of $2.01 in the same quarter last year, which indicates a negative year over year growth rate of 3.5%. The firm is expected to report its next quarterly earnings report on Tuesday, November 28th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $8.78 per share for the current year, with EPS estimates ranging from $8.70 to $8.85. For the next fiscal year, analysts anticipate that the business will report earnings of $8.80 per share, with EPS estimates ranging from $8.66 to $8.95. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.05. The firm had revenue of $743.20 million for the quarter, compared to the consensus estimate of $746.72 million. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 EPS.

A number of equities analysts have recently commented on CBRL shares. SunTrust Banks, Inc. reissued a “hold” rating and set a $136.00 price target on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Maxim Group reissued a “hold” rating and set a $155.00 price target (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 7th. BidaskClub cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Nomura lowered their price target on Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Thursday, September 14th. Finally, Bank of America Corporation lowered their price target 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, September 11th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $161.00.

Shares of Cracker Barrel Old Country Store (CBRL) opened at $156.07 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.76 billion, a PE ratio of 18.61, a PEG ratio of 2.62 and a beta of 0.48.

Cracker Barrel Old Country Store declared that its Board of Directors has initiated a share repurchase program on Friday, September 29th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Friday, October 13th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.08%. Cracker Barrel Old Country Store’s payout ratio is presently 57.28%.

In other Cracker Barrel Old Country Store news, CEO Sandra B. Cochran sold 36,794 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $151.67, for a total value of $5,580,545.98. Following the completion of the transaction, the chief executive officer now owns 157,591 shares of the company’s stock, valued at approximately $23,901,826.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrea Weiss sold 2,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $153.39, for a total value of $306,780.00. Following the completion of the transaction, the director now directly owns 11,758 shares of the company’s stock, valued at approximately $1,803,559.62. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CBRL. APG Asset Management N.V. acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter worth about $25,775,000. JLB & Associates Inc. acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth about $8,181,000. Cornerstone Capital Management Holdings LLC. increased its holdings in Cracker Barrel Old Country Store by 920.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 53,801 shares of the restaurant operator’s stock worth $8,996,000 after purchasing an additional 48,531 shares in the last quarter. AXA increased its holdings in Cracker Barrel Old Country Store by 117.8% in the 2nd quarter. AXA now owns 70,800 shares of the restaurant operator’s stock worth $11,842,000 after purchasing an additional 38,300 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Cracker Barrel Old Country Store by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock worth $152,421,000 after purchasing an additional 37,551 shares in the last quarter. 86.31% of the stock is owned by institutional investors and hedge funds.

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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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