Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

by · The Markets Daily

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) posted its earnings results on Thursday. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19), Briefing.com reports. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 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 up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. Cracker Barrel Old Country Store updated its FY 2025 guidance to EPS.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded up $0.46 during trading hours on Friday, hitting $41.57. 1,437,268 shares of the company’s stock were exchanged, compared to its average volume of 758,856. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. The business’s 50 day simple moving average is $40.93 and its 200-day simple moving average is $50.10. The company has a market capitalization of $922.94 million, a PE ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be given a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.41%. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Analyst Upgrades and Downgrades

CBRL has been the subject of several recent research reports. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday. Bank of America lifted their target price on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday. Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday. UBS Group reduced their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup reduced their price objective 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 note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.57.

Check Out Our Latest Stock Report 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.

Featured Articles