Cracker Barrel Old Country Store, Inc. (CBRL) to Post Q1 2020 Earnings of $2.02 Per Share, SunTrust Banks Forecasts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Stock analysts at SunTrust Banks raised their Q1 2020 earnings per share estimates for shares of Cracker Barrel Old Country Store in a research note issued to investors on Wednesday, November 28th. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $2.02 per share for the quarter, up from their prior forecast of $1.98. SunTrust Banks has a “Hold” rating and a $134.00 price target on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q2 2020 earnings at $2.54 EPS, Q3 2020 earnings at $2.22 EPS, Q4 2020 earnings at $2.71 EPS and FY2020 earnings at $9.49 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, topping the consensus estimate of $1.91 by $0.05. The firm had revenue of $733.50 million during the quarter, compared to analyst estimates of $720.94 million. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. Cracker Barrel Old Country Store’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS.

A number of other equities research analysts have also issued reports on CBRL. BidaskClub upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. ValuEngine upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Telsey Advisory Group cut their price objective on Cracker Barrel Old Country Store from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, September 19th. Finally, Maxim Group cut their price objective on Cracker Barrel Old Country Store from $187.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $166.84.

Shares of CBRL stock opened at $180.81 on Monday. Cracker Barrel Old Country Store has a 52-week low of $141.63 and a 52-week high of $185.00. The company has a quick ratio of 0.41, a current ratio of 0.87 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.01 and a beta of 0.36.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be given a $1.25 dividend. The ex-dividend date is Thursday, January 17th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.77%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.37%.

In other news, VP Laura A. Daily sold 2,740 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nicholas V. Flanagan sold 6,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in shares of Cracker Barrel Old Country Store by 5.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,781 shares of the restaurant operator’s stock valued at $851,000 after purchasing an additional 312 shares in the last quarter. IFG Advisory LLC lifted its stake in shares of Cracker Barrel Old Country Store by 11.4% in the 2nd quarter. IFG Advisory LLC now owns 3,470 shares of the restaurant operator’s stock worth $542,000 after acquiring an additional 354 shares during the period. Iberiabank Corp lifted its stake in shares of Cracker Barrel Old Country Store by 3.2% in the 3rd quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock worth $1,741,000 after acquiring an additional 367 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock worth $711,000 after acquiring an additional 371 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Cracker Barrel Old Country Store by 2.3% in the third quarter. Arizona State Retirement System now owns 17,044 shares of the restaurant operator’s stock valued at $2,508,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 87.09% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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