Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) – Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for shares of Cracker Barrel Old Country Store in a research note issued to investors on Tuesday, June 23rd. Zacks Research analyst Team now forecasts that the restaurant operator will post earnings per share of $0.55 for the quarter, up from their previous forecast of $0.46. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is ($0.97) per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s FY2027 earnings at $0.64 EPS, Q2 2028 earnings at $0.57 EPS, Q3 2028 earnings at $0.28 EPS and FY2028 earnings at $1.35 EPS.
Other analysts also recently issued research reports about the company. Wells Fargo & Company upgraded Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $35.00 to $50.00 in a report on Wednesday, June 10th. Argus raised their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a report on Wednesday, June 10th. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $42.14.
Cracker Barrel Old Country Store Trading Up 0.7%
NASDAQ:CBRL opened at $46.46 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 40.05 and a beta of 1.30. The stock has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $31.12.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS.
Cracker Barrel Old Country Store Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 86.21%.
Hedge Funds Weigh In On Cracker Barrel Old Country Store
Several institutional investors and hedge funds have recently bought and sold shares of the business. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $28,000. Parvin Asset Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 7.4% during the first quarter. Parvin Asset Management LLC now owns 16,635 shares of the restaurant operator’s stock worth $468,000 after purchasing an additional 1,150 shares during the period. Royal Bank of Canada grew its position in Cracker Barrel Old Country Store by 55.0% during the first quarter. Royal Bank of Canada now owns 153,397 shares of the restaurant operator’s stock valued at $4,312,000 after purchasing an additional 54,431 shares in the last quarter. Maverick Capital Ltd. purchased a new position in Cracker Barrel Old Country Store during the first quarter valued at approximately $251,000. Finally, Quantinno Capital Management LP acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $858,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
Cracker Barrel Old Country Store Company Profile
Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.
The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.
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