Cracker Barrel Old Country Store (NASDAQ:CBRL) Issues Quarterly Earnings Results

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) issued its earnings results on Tuesday. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08, Briefing.com reports. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. Cracker Barrel Old Country Store updated its FY 2024 guidance to EPS.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock traded down $0.31 during mid-day trading on Thursday, hitting $66.03. The company had a trading volume of 284,323 shares, compared to its average volume of 565,063. Cracker Barrel Old Country Store has a 12-month low of $62.69 and a 12-month high of $121.17. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 4.62 and a beta of 1.49. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.98. The company’s fifty day moving average is $75.83 and its 200-day moving average is $73.88.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.20 annualized dividend and a yield of 7.88%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday. UBS Group lowered their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler decreased their price target on shares of Cracker Barrel Old Country Store from $96.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, December 4th. Finally, Citigroup increased their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $86.78.

View Our Latest Stock Analysis on Cracker Barrel Old Country Store

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. Raymond James & Associates lifted its position in shares of Cracker Barrel Old Country Store by 12.7% during the 1st quarter. Raymond James & Associates now owns 32,445 shares of the restaurant operator’s stock valued at $3,852,000 after buying an additional 3,657 shares in the last quarter. US Bancorp DE lifted its holdings in Cracker Barrel Old Country Store by 31.9% in the 1st quarter. US Bancorp DE now owns 2,489 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 602 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Cracker Barrel Old Country Store by 3.6% in the 1st quarter. HighTower Advisors LLC now owns 6,375 shares of the restaurant operator’s stock valued at $761,000 after purchasing an additional 221 shares in the last quarter. Bank of Montreal Can lifted its holdings in Cracker Barrel Old Country Store by 7.1% in the 1st quarter. Bank of Montreal Can now owns 5,661 shares of the restaurant operator’s stock valued at $674,000 after purchasing an additional 373 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Cracker Barrel Old Country Store by 40.6% in the 1st quarter. MetLife Investment Management LLC now owns 27,563 shares of the restaurant operator’s stock valued at $3,273,000 after purchasing an additional 7,963 shares in the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

(Get Free Report)

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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.

See Also

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

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