Cracker Barrel Old Country Store (NASDAQ:CBRL) Posts Quarterly Earnings Results

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32, Briefing.com reports. The business had revenue of $817.14 million for the quarter, compared to the consensus estimate of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. Cracker Barrel Old Country Store’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. Cracker Barrel Old Country Store updated its FY 2024 guidance to EPS.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $48.78 on Friday. Cracker Barrel Old Country Store has a 1-year low of $43.38 and a 1-year high of $102.89. The company has a 50 day moving average of $58.13 and a 200-day moving average of $68.49. The company has a current ratio of 0.63, a quick ratio of 0.21 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.96 and a beta of 1.48.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be given a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 191.88%.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of research reports. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Citigroup decreased their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday. Finally, Bank of America lowered their price target on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.14.

View Our Latest Stock Analysis on CBRL

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.

Recommended Stories

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

Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.