Cracker Barrel Old Country Store (NASDAQ:CBRL) Issues Earnings Results, Beats Expectations By $0.41 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) posted its earnings results on Thursday. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.41, Briefing.com reports. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The business had revenue of $821.10 million for the quarter, compared to analyst estimates of $824.65 million. During the same quarter in the prior year, the firm posted $0.88 EPS. Cracker Barrel Old Country Store's revenue was up .5% on a year-over-year basis. Cracker Barrel Old Country Store updated its FY 2025 guidance to EPS.

Cracker Barrel Old Country Store Trading Down 7.2%

Shares of NASDAQ CBRL traded down $4.14 during midday trading on Thursday, reaching $53.63. The company had a trading volume of 1,620,087 shares, compared to its average volume of 812,075. The stock has a market cap of $1.19 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store has a one year low of $33.86 and a one year high of $65.43. The firm's fifty day moving average price is $47.29 and its 200-day moving average price is $49.81. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Insider Buying and Selling

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the acquisition, the insider now directly owns 2,833,700 shares of the company's stock, valued at $126,383,020. This represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 385,307 shares of company stock worth $15,679,910 in the last ninety days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A hedge fund recently raised its stake in Cracker Barrel Old Country Store stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,138 shares of the restaurant operator's stock after purchasing an additional 546 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Cracker Barrel Old Country Store worth $510,000 at the end of the most recent reporting period. Institutional investors own 96.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CBRL shares. Citigroup reaffirmed a "sell" rating and issued a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Loop Capital decreased their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Truist Financial set a $63.00 price target on Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Finally, UBS Group lifted their price target on Cracker Barrel Old Country Store from $48.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and an average price target of $54.00.

About Cracker Barrel Old Country Store

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.