Q2 2019 EPS Estimates for Cracker Barrel Old Country Store, Inc. Boosted by Analyst (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities researchers at SunTrust Banks increased their Q2 2019 earnings estimates for Cracker Barrel Old Country Store in a research report issued on Tuesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $2.22 per share for the quarter, up from their previous estimate of $2.12. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q3 2019 earnings at $2.03 EPS, Q4 2019 earnings at $2.41 EPS and FY2019 earnings at $8.66 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 13th. The restaurant operator reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a net margin of 6.90% and a return on equity of 35.49%. The company had revenue of $743.20 million during the quarter, compared to the consensus estimate of $746.72 million. During the same period in the previous year, the firm earned $2.12 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down .3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2955884/q2-2019-eps-estimates-for-cracker-barrel-old-country-store-inc-boosted-by-analyst-cbrl.html.

A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Maxim Group reissued a “hold” rating and issued a $155.00 price target (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 7th. Instinet began coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Nomura began coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price target on the stock. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $163.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up 0.592% during midday trading on Thursday, reaching $149.198. 183,319 shares of the company’s stock traded hands. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04. The company’s 50-day moving average price is $148.79 and its 200 day moving average price is $157.54. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 17.825 and a beta of 0.51.

Cracker Barrel Old Country Store declared that its board has initiated a share buyback plan on Friday, September 29th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 0.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Friday, October 13th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $4.80 annualized dividend and a dividend yield of 3.21%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 57.28%.

In other news, Director Andrea Weiss sold 2,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $153.39, for a total value of $306,780.00. Following the sale, the director now owns 11,758 shares in the company, valued at approximately $1,803,559.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandra B. Cochran sold 36,794 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the sale, the chief executive officer now owns 157,591 shares in the company, valued at approximately $23,901,826.97. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $100,000. Bruderman Asset Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cracker Barrel Old Country Store by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 738 shares of the restaurant operator’s stock valued at $123,000 after purchasing an additional 61 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $127,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Cracker Barrel Old Country Store by 4.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 85.62% of the company’s stock.

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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