Q3 2018 EPS Estimates for Cracker Barrel Old Country Store, Inc. Lowered by SunTrust Banks (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Research analysts at SunTrust Banks lowered their Q3 2018 earnings estimates for shares of Cracker Barrel Old Country Store in a report released on Monday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings per share of $2.31 for the quarter, down from their prior estimate of $2.34. SunTrust Banks currently has a “Hold” rating and a $165.00 target price on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q4 2018 earnings at $2.93 EPS, Q1 2019 earnings at $2.47 EPS, Q2 2019 earnings at $2.85 EPS, Q3 2019 earnings at $2.42 EPS and Q4 2019 earnings at $2.75 EPS.

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

Several other research firms have also weighed in on CBRL. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Wednesday, January 10th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Longbow Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. Finally, Maxim Group reissued a “hold” rating and set a $160.00 price objective (up previously from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $161.63.

Cracker Barrel Old Country Store (CBRL) traded down $2.27 on Thursday, hitting $167.97. 59,339 shares of the stock traded hands, compared to its average volume of 300,783. The company has a current ratio of 0.93, a quick ratio of 0.42 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store has a fifty-two week low of $141.75 and a fifty-two week high of $179.12. The company has a market cap of $4,012.89, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56.

The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 12th were given a $1.20 dividend. The ex-dividend date was Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio is 57.90%.

Several large investors have recently made changes to their positions in the stock. AXA boosted its position in Cracker Barrel Old Country Store by 49.3% during the third quarter. AXA now owns 105,700 shares of the restaurant operator’s stock worth $16,026,000 after purchasing an additional 34,900 shares during the period. Palo Capital Inc. grew its stake in shares of Cracker Barrel Old Country Store by 13.2% during the 4th quarter. Palo Capital Inc. now owns 18,699 shares of the restaurant operator’s stock worth $2,971,000 after acquiring an additional 2,177 shares during the period. HighTower Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 53.0% during the 2nd quarter. HighTower Advisors LLC now owns 3,589 shares of the restaurant operator’s stock worth $607,000 after acquiring an additional 1,244 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Cracker Barrel Old Country Store by 25.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,547 shares of the restaurant operator’s stock worth $538,000 after acquiring an additional 721 shares during the period. Finally, Aperio Group LLC grew its stake in shares of Cracker Barrel Old Country Store by 24.3% during the 3rd quarter. Aperio Group LLC now owns 40,273 shares of the restaurant operator’s stock worth $6,106,000 after acquiring an additional 7,869 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

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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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