Equities research analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post earnings per share of $2.20 for the current quarter, according to Zacks. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings, with the lowest EPS estimate coming in at $2.15 and the highest estimate coming in at $2.25. Cracker Barrel Old Country Store reported earnings per share of $2.19 in the same quarter last year, which indicates a positive year over year growth rate of 0.5%. The company is expected to issue its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Cracker Barrel Old Country Store will report full year earnings of $8.63 per share for the current fiscal year, with EPS estimates ranging from $8.50 to $8.80. For the next financial year, analysts anticipate that the business will report earnings of $8.81 per share, with EPS estimates ranging from $8.70 to $8.95. Zacks’ EPS averages are an average based on a survey of research analysts that cover Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The company had revenue of $710.40 million during the quarter, compared to analysts’ expectations of $718.85 million. During the same quarter in the prior year, the company posted $2.01 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up .1% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. SunTrust Banks reissued a “hold” rating and set a $136.00 target price on shares of Cracker Barrel Old Country Store in a research report on Friday, October 20th. Longbow Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Instinet reissued a “neutral” rating and set a $158.00 target price (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. Finally, Nomura decreased their target price 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, September 14th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $155.25.

Shares of Cracker Barrel Old Country Store (NASDAQ CBRL) opened at $162.74 on Monday. Cracker Barrel Old Country Store has a 52-week low of $141.75 and a 52-week high of $175.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. The company has a market cap of $3,904.95, a P/E ratio of 19.63, a P/E/G ratio of 2.82 and a beta of 0.46.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Friday, January 12th will be issued a $1.20 dividend. The ex-dividend date is Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.95%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.90%.

Cracker Barrel Old Country Store declared that its board has initiated a share buyback program on Friday, September 29th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 0.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other Cracker Barrel Old Country Store news, CEO Sandra B. Cochran sold 36,794 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were 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 $23,901,826.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrea Weiss sold 2,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $153.39, for a total transaction 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. Company insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,242,652 shares of the restaurant operator’s stock worth $375,084,000 after buying an additional 26,046 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock worth $152,421,000 after buying an additional 37,551 shares during the last quarter. State Street Corp raised its holdings in shares of Cracker Barrel Old Country Store by 2.9% in the second quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock worth $123,663,000 after buying an additional 20,932 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Cracker Barrel Old Country Store by 5.5% in the third quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock worth $111,607,000 after buying an additional 38,517 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cracker Barrel Old Country Store by 8.3% in the third quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock worth $62,997,000 after buying an additional 31,884 shares during the last quarter. 88.92% 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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