Cracker Barrel Old Country Store (CBRL) Set to Announce Quarterly Earnings on Friday

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) is scheduled to be releasing its earnings data before the market opens on Friday, December 2nd. Analysts expect Cracker Barrel Old Country Store to post earnings of $1.30 per share for the quarter. Cracker Barrel Old Country Store has set its FY 2023 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last issued its quarterly earnings data on Tuesday, September 27th. The restaurant operator reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.19. Cracker Barrel Old Country Store had a net margin of 4.04% and a return on equity of 24.53%. The company had revenue of $830.40 million for the quarter, compared to analyst estimates of $836.93 million. During the same period in the prior year, the firm earned $2.25 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect Cracker Barrel Old Country Store to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cracker Barrel Old Country Store Stock Down 2.2 %

NASDAQ:CBRL opened at $116.19 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 20.49, a P/E/G ratio of 3.09 and a beta of 1.34. Cracker Barrel Old Country Store has a one year low of $81.87 and a one year high of $139.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.63 and a quick ratio of 0.21. The firm’s 50 day simple moving average is $105.53 and its 200 day simple moving average is $100.82.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Friday, October 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, October 20th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 91.71%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 104.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 255 shares during the last quarter. Point72 Hong Kong Ltd raised its holdings 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 worth $89,000 after purchasing an additional 437 shares during the period. PDT Partners LLC bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth $214,000. US Bancorp DE increased its position in shares of Cracker Barrel Old Country Store by 31.9% during the first quarter. US Bancorp DE now owns 2,489 shares of the restaurant operator’s stock worth $296,000 after acquiring an additional 602 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in Cracker Barrel Old Country Store in the second quarter valued at $302,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBRL shares. StockNews.com initiated coverage on Cracker Barrel Old Country Store in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial lowered their price objective on Cracker Barrel Old Country Store from $100.00 to $96.00 in a research report on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cracker Barrel Old Country Store from $100.00 to $106.00 in a research note on Wednesday, September 28th. Finally, Citigroup boosted their target price on Cracker Barrel Old Country Store to $94.00 in a research report on Thursday, November 17th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $103.00.

About Cracker Barrel Old Country Store

(Get Rating)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

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

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