Brokerages forecast that Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) will post $783.70 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cracker Barrel Old Country Store’s earnings, with the highest sales estimate coming in at $785.90 million and the lowest estimate coming in at $781.50 million. Cracker Barrel Old Country Store reported 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 results 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 forecast that the business will report sales of $3.10 billion per share, with estimates ranging from $3.07 billion to $3.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cracker Barrel Old Country Store.

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

Several research firms recently issued reports on CBRL. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Wednesday, January 10th. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks reiterated a “hold” rating and issued a $163.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, January 3rd. Maxim Group reiterated a “hold” rating and issued a $160.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, November 22nd. Finally, Longbow Research cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $161.38.

Institutional investors and hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC bought a new position in Cracker Barrel Old Country Store during the second quarter worth about $100,000. Ffcm LLC boosted its holdings in Cracker Barrel Old Country Store by 1,317.9% during the third quarter. Ffcm LLC now owns 794 shares of the restaurant operator’s stock worth $122,000 after buying an additional 738 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cracker Barrel Old Country Store by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock worth $123,000 after buying an additional 61 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in Cracker Barrel Old Country Store during the second quarter worth about $127,000. Finally, Edge Advisors LLC boosted its holdings in Cracker Barrel Old Country Store by 2,725.7% during the third quarter. Edge Advisors LLC now owns 989 shares of the restaurant operator’s stock worth $149,000 after buying an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down $1.28 during trading on Tuesday, reaching $170.95. The company had a trading volume of 343,744 shares, compared to its average volume of 287,870. The company has a market capitalization of $4,100.00, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.46. Cracker Barrel Old Country Store has a fifty-two week low of $141.75 and a fifty-two week high of $176.01. 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 declared that its board has initiated a stock repurchase plan on Friday, September 29th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 0.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 57.90%.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/16/cracker-barrel-old-country-store-inc-cbrl-expected-to-announce-quarterly-sales-of-783-70-million.html.

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.

Get a free copy of the Zacks research report on Cracker Barrel Old Country Store (CBRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.