Cracker Barrel Old Country Store, Inc. (CBRL) Releases Q1 Earnings Guidance

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $2.10. Cracker Barrel Old Country Store also updated its FY18 guidance to $8.85-9.00 EPS.

Several research firms recently issued reports on CBRL. Bank of America Corporation decreased their target price on shares of Cracker Barrel Old Country Store from $150.00 to $140.00 and set an underperform rating for the company in a research note on Monday. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a hold rating to a sell rating in a research note on Monday. BidaskClub cut shares of Cracker Barrel Old Country Store from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Wells Fargo & Company reiterated a market perform rating and issued a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Finally, Instinet began coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They issued a neutral rating and a $162.00 target price for the company. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $164.11.

Shares of Cracker Barrel Old Country Store, Inc. (CBRL) opened at 148.42 on Wednesday. The company has a 50-day moving average of $151.10 and a 200 day moving average of $159.15. Cracker Barrel Old Country Store, Inc. has a one year low of $130.15 and a one year high of $175.04. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 17.99 and a beta of 0.52.

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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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