Wall Street brokerages expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post sales of $783.70 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cracker Barrel Old Country Store’s earnings, with estimates ranging from $781.50 million to $785.90 million. Cracker Barrel Old Country Store posted sales of $772.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year sales of $783.70 million for the current financial year. For the next fiscal year, analysts anticipate that the firm will report sales of $3.09 billion per share, with estimates ranging from $3.07 billion to $3.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $718.85 million. During the same period in the prior year, the company earned $2.01 earnings per share. The firm’s revenue was up .1% on a year-over-year basis.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, November 17th. SunTrust Banks reiterated a “hold” rating and issued a $136.00 price objective on shares of Cracker Barrel Old Country Store in a report on Friday, October 20th. Longbow Research downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. Instinet reiterated 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 report on Thursday, September 14th. Finally, Nomura cut their price target on shares of 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. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $155.25.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down $0.20 during mid-day trading on Wednesday, reaching $162.93. 187,200 shares of the company’s stock were exchanged, compared to its average volume of 296,895. The firm has a market cap of $3,914.27, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.82 and a beta of 0.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93. Cracker Barrel Old Country Store has a 12 month low of $141.75 and a 12 month high of $175.04.

Cracker Barrel Old Country Store declared that its Board of Directors has approved a stock buyback plan on Friday, September 29th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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

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

A number of large investors have recently made changes to their positions in CBRL. Acrospire Investment Management LLC acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $100,000. Bruderman Asset Management LLC acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $111,000. Ffcm LLC raised its stake in Cracker Barrel Old Country Store by 1,317.9% during the 3rd quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 738 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 worth $123,000 after acquiring an additional 61 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $127,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.

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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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