Zacks: Analysts Expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to Post $0.18 EPS

Equities analysts expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to post earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Four analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.50. Cracker Barrel Old Country Store posted earnings per share of ($6.81) in the same quarter last year, which would indicate a positive year over year growth rate of 102.6%. The firm is scheduled to announce its next earnings report on Tuesday, June 1st.

On average, analysts expect that Cracker Barrel Old Country Store will report full-year earnings of $3.79 per share for the current year, with EPS estimates ranging from $3.40 to $4.69. For the next fiscal year, analysts forecast that the company will report earnings of $8.71 per share, with EPS estimates ranging from $8.00 to $10.10. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Monday, February 22nd. The restaurant operator reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.10). The company had revenue of $677.17 million during the quarter, compared to the consensus estimate of $676.88 million. Cracker Barrel Old Country Store had a net margin of 3.92% and a return on equity of 3.54%. The company’s revenue was down 20.0% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share.

Several research analysts have recently issued reports on CBRL shares. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $135.00 price objective for the company. in a report on Thursday, February 25th. MKM Partners raised their target price on shares of Cracker Barrel Old Country Store from $155.00 to $160.00 in a report on Thursday, April 1st. Telsey Advisory Group raised their target price on shares of Cracker Barrel Old Country Store from $165.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, March 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Cracker Barrel Old Country Store in a report on Monday, March 29th. They set a “buy” rating and a $195.00 target price for the company. Finally, Truist cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Monday, February 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $155.27.

Several large investors have recently modified their holdings of CBRL. Amundi Pioneer Asset Management Inc. lifted its position in Cracker Barrel Old Country Store by 3.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 69,051 shares of the restaurant operator’s stock worth $11,159,000 after buying an additional 2,106 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cracker Barrel Old Country Store by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,398 shares of the restaurant operator’s stock worth $7,905,000 after buying an additional 3,031 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $220,000. UBS Asset Management Americas Inc. lifted its position in Cracker Barrel Old Country Store by 24.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 32,099 shares of the restaurant operator’s stock worth $3,680,000 after buying an additional 6,375 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Cracker Barrel Old Country Store by 19.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 13,732 shares of the restaurant operator’s stock worth $1,575,000 after buying an additional 2,213 shares in the last quarter. Institutional investors and hedge funds own 74.78% of the company’s stock.

Cracker Barrel Old Country Store stock opened at $174.29 on Monday. The firm has a 50 day simple moving average of $164.12 and a 200-day simple moving average of $139.73. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.86 and a quick ratio of 1.50. The stock has a market capitalization of $4.14 billion, a PE ratio of 43.90 and a beta of 1.39. Cracker Barrel Old Country Store has a 12-month low of $76.18 and a 12-month high of $175.37.

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, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various 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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