Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) announced its earnings results on Tuesday. The restaurant operator reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08, Briefing.com reports. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company’s revenue was up .2% on a year-over-year basis. During the same period last 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 Down 0.5 %

Shares of CBRL stock traded down $0.31 during trading hours on Thursday, hitting $66.03. 284,323 shares of the company were exchanged, compared to its average volume of 565,063. The business has a 50 day moving average of $75.83 and a two-hundred day moving average of $73.88. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.98. Cracker Barrel Old Country Store has a 52 week low of $62.69 and a 52 week high of $121.17. The company has a market capitalization of $1.46 billion, a PE ratio of 17.69, a PEG ratio of 4.62 and a beta of 1.49.

Cracker Barrel Old Country Store Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Compass Wealth Management LLC acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $28,000. Itau Unibanco Holding S.A. acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at $34,000. State of Wyoming acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $54,000. Geneos Wealth Management Inc. lifted its stake in Cracker Barrel Old Country Store by 104.9% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 255 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in Cracker Barrel Old Country Store by 141.0% in the first quarter. Point72 Hong Kong Ltd now owns 747 shares of the restaurant operator’s stock valued at $89,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup raised their target price on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday. Piper Sandler decreased their price objective 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 note on Monday, December 4th. Truist Financial decreased their target price 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. Finally, UBS Group reduced 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. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.78.

View Our Latest Analysis on Cracker Barrel Old Country Store

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.

Further Reading

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

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