Cracker Barrel Old Country Store Inc. (CBRL) Releases Q1 Earnings Guidance

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Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.94. Cracker Barrel Old Country Store also updated its FY17 guidance to $7.95-8.10 EPS.
Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) opened at 150.53 on Wednesday. Cracker Barrel Old Country Store Inc. has a 52-week low of $118.01 and a 52-week high of $172.89. The firm has a market capitalization of $3.60 billion, a PE ratio of 19.50 and a beta of 0.38. The stock’s 50 day moving average price is $156.26 and its 200 day moving average price is $155.73.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by $0.01. Cracker Barrel Old Country Store had a return on equity of 32.27% and a net margin of 6.43%. The business had revenue of $745.60 million for the quarter, compared to analyst estimates of $742.34 million. During the same quarter last year, the business earned $1.97 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that Cracker Barrel Old Country Store Inc. will post $7.55 earnings per share for the current year.

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Several equities research analysts have recently issued reports on the company. SunTrust Banks Inc. raised their price objective on Cracker Barrel Old Country Store from $151.00 to $152.00 and gave the stock a neutral rating in a report on Thursday, June 2nd. Zacks Investment Research cut Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Tuesday, August 2nd. Maxim Group decreased their price objective on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a buy rating on the stock in a report on Monday, August 8th. Telsey Advisory Group decreased their price objective on Cracker Barrel Old Country Store from $172.00 to $160.00 and set a market perform rating on the stock in a report on Tuesday, August 30th. Finally, Bank of America Corp. cut Cracker Barrel Old Country Store from a neutral rating to an underperform rating and set a $140.00 price objective on the stock. in a report on Monday, July 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $165.83.
In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 600 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $168.75, for a total value of $101,250.00. Following the transaction, the vice president now directly owns 6,221 shares of the company’s stock, valued at $1,049,793.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. BlackRock Fund Advisors raised its position in Cracker Barrel Old Country Store by 5.5% in the second quarter. BlackRock Fund Advisors now owns 1,112,755 shares of the company’s stock valued at $190,804,000 after buying an additional 57,987 shares during the period. State Street Corp raised its position in Cracker Barrel Old Country Store by 0.4% in the second quarter. State Street Corp now owns 718,388 shares of the company’s stock valued at $123,188,000 after buying an additional 3,062 shares during the period. FMR LLC raised its position in Cracker Barrel Old Country Store by 28.8% in the second quarter. FMR LLC now owns 366,455 shares of the company’s stock valued at $62,836,000 after buying an additional 81,955 shares during the period. Allianz Asset Management AG raised its position in Cracker Barrel Old Country Store by 14.9% in the second quarter. Allianz Asset Management AG now owns 230,384 shares of the company’s stock valued at $39,504,000 after buying an additional 29,859 shares during the period. Finally, BlackRock Investment Management LLC raised its position in Cracker Barrel Old Country Store by 5.6% in the second quarter. BlackRock Investment Management LLC now owns 130,634 shares of the company’s stock valued at $22,400,000 after buying an additional 6,946 shares during the period. 86.96% of the stock is currently owned by institutional investors.
About Cracker Barrel Old Country Store
Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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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