$1.94 EPS Expected for Cracker Barrel (CBRL) This Quarter

Analysts expect Cracker Barrel (NASDAQ:CBRL) to announce earnings of $1.94 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cracker Barrel’s earnings, with the highest EPS estimate coming in at $1.95 and the lowest estimate coming in at $1.93. Cracker Barrel posted earnings per share of $1.95 in the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The company is expected to announce its next earnings results on Tuesday, May 22nd.

On average, analysts expect that Cracker Barrel will report full year earnings of $9.43 per share for the current year, with EPS estimates ranging from $9.40 to $9.45. For the next financial year, analysts forecast that the business will post earnings of $9.62 per share, with EPS estimates ranging from $9.55 to $9.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cracker Barrel.

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Cracker Barrel (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.31. The company had revenue of $787.70 million during the quarter, compared to the consensus estimate of $787.26 million. Cracker Barrel had a return on equity of 36.86% and a net margin of 8.10%. Cracker Barrel’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.19 earnings per share.

A number of analysts recently issued reports on CBRL shares. BidaskClub upgraded Cracker Barrel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Cracker Barrel from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Wednesday, January 10th. Maxim Group reiterated a “hold” rating on shares of Cracker Barrel in a research report on Tuesday, February 20th. SunTrust Banks set a $152.00 target price on Cracker Barrel and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Finally, Bank of America decreased their target price on Cracker Barrel from $160.00 to $155.00 and set an “underperform” rating for the company in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $163.13.

Shares of CBRL opened at $163.16 on Monday. The firm has a market capitalization of $3,916.49, a P/E ratio of 19.49, a P/E/G ratio of 2.22 and a beta of 0.62. Cracker Barrel has a 52-week low of $141.75 and a 52-week high of $179.12. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.65.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, April 13th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, April 12th. This represents a $4.80 annualized dividend and a dividend yield of 2.94%. Cracker Barrel’s dividend payout ratio (DPR) is 57.35%.

Several large investors have recently added to or reduced their stakes in the company. BB&T Corp lifted its position in shares of Cracker Barrel by 2.6% during the fourth quarter. BB&T Corp now owns 11,586 shares of the restaurant operator’s stock worth $1,840,000 after purchasing an additional 294 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Cracker Barrel by 9.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,874 shares of the restaurant operator’s stock valued at $616,000 after buying an additional 327 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cracker Barrel by 51.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,115 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 377 shares during the period. Teachers Advisors LLC increased its stake in shares of Cracker Barrel by 1.2% during the fourth quarter. Teachers Advisors LLC now owns 34,690 shares of the restaurant operator’s stock valued at $5,512,000 after buying an additional 400 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Cracker Barrel by 3.1% during the fourth quarter. D.A. Davidson & CO. now owns 14,048 shares of the restaurant operator’s stock valued at $2,232,000 after buying an additional 420 shares during the period. Institutional investors and hedge funds own 87.41% of the company’s stock.

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About Cracker Barrel

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.

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

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