Cracker Barrel Old Country Store (NASDAQ:CBRL) will be announcing its earnings results before the market opens on Tuesday, September 17th. Analysts expect the company to announce earnings of $2.43 per share for the quarter.
NASDAQ CBRL opened at $163.01 on Tuesday. Cracker Barrel Old Country Store has a fifty-two week low of $141.63 and a fifty-two week high of $185.00. The stock’s 50-day moving average is $167.44 and its two-hundred day moving average is $165.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.57. The firm has a market cap of $3.94 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59.
Cracker Barrel Old Country Store declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 4th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of research firms have recently commented on CBRL. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Telsey Advisory Group downgraded Cracker Barrel Old Country Store from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $190.00 to $170.00 in a research note on Wednesday, June 5th. Wells Fargo & Co increased their target price on Cracker Barrel Old Country Store from $147.00 to $153.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, SunTrust Banks lowered their target price on Cracker Barrel Old Country Store to $161.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $171.96.
In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 72,339 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $170.03, for a total value of $12,299,800.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 1,170,879 shares of company stock valued at $200,668,080. Insiders own 0.88% 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.
Further Reading: Rule of 72
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