Q3 2018 EPS Estimates for Cracker Barrel Old Country Store, Inc. Lowered by SunTrust Banks (CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Equities researchers at SunTrust Banks cut their Q3 2018 earnings per share estimates for shares of Cracker Barrel Old Country Store in a report issued on Monday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $2.31 per share for the quarter, down from their prior estimate of $2.34. SunTrust Banks has a “Hold” rating and a $165.00 price target on the stock. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q4 2018 earnings at $2.93 EPS, Q1 2019 earnings at $2.47 EPS, Q2 2019 earnings at $2.85 EPS, Q3 2019 earnings at $2.42 EPS and Q4 2019 earnings at $2.75 EPS.

CBRL has been the topic of several other research reports. Maxim Group reissued a “hold” rating and issued a $160.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Wednesday, November 22nd. Longbow Research cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 22nd. BidaskClub raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $161.63.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down $2.27 during trading hours on Thursday, reaching $167.97. The company had a trading volume of 59,339 shares, compared to its average volume of 300,783. Cracker Barrel Old Country Store has a 52 week low of $141.75 and a 52 week high of $179.12. The company has a market capitalization of $4,012.89, a PE ratio of 20.26, a P/E/G ratio of 1.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm had revenue of $710.40 million for the quarter, compared to the consensus estimate of $718.85 million. During the same period in the prior year, the business posted $2.01 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 12th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $4.80 annualized dividend and a yield of 2.86%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 57.90%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. APG Asset Management N.V. bought a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at $25,775,000. Wells Fargo & Company MN boosted its position in Cracker Barrel Old Country Store by 5.5% during the 3rd quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock valued at $111,607,000 after acquiring an additional 38,517 shares in the last quarter. AXA boosted its position in Cracker Barrel Old Country Store by 49.3% during the 3rd quarter. AXA now owns 105,700 shares of the restaurant operator’s stock valued at $16,026,000 after acquiring an additional 34,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Cracker Barrel Old Country Store by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock valued at $62,997,000 after acquiring an additional 31,884 shares in the last quarter. Finally, State Street Corp boosted its position in Cracker Barrel Old Country Store by 2.9% during the 2nd quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock valued at $123,663,000 after acquiring an additional 20,932 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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Cracker Barrel Old Country Store Company Profile

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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