S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Q4 2022 Earnings Forecast for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Issued By Truist Securiti

Thursday, November 25, 2021 | MarketBeat

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) - Analysts at Truist Securiti decreased their Q4 2022 EPS estimates for Cracker Barrel Old Country Store in a research note issued to investors on Tuesday, November 23rd. Truist Securiti analyst J. Bartlett now expects that the restaurant operator will post earnings of $2.66 per share for the quarter, down from their previous forecast of $2.70. Truist Securiti also issued estimates for Cracker Barrel Old Country Store's Q1 2023 earnings at $1.86 EPS, Q2 2023 earnings at $2.44 EPS, Q3 2023 earnings at $2.11 EPS and Q4 2023 earnings at $2.70 EPS.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Cracker Barrel Old Country Store from $195.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, September 22nd. TheStreet upgraded Cracker Barrel Old Country Store from a "c+" rating to a "b" rating in a research report on Wednesday, November 17th. Bank of America started coverage on Cracker Barrel Old Country Store in a research report on Tuesday, October 26th. They set a "neutral" rating and a $148.00 price objective for the company. Loop Capital started coverage on Cracker Barrel Old Country Store in a report on Wednesday, October 13th. They set a "hold" rating and a $140.00 price target for the company. Finally, MKM Partners cut their price target on Cracker Barrel Old Country Store from $155.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $150.70.

Cracker Barrel Old Country Store stock opened at $132.22 on Thursday. The stock has a market cap of $3.11 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.76. Cracker Barrel Old Country Store has a one year low of $123.74 and a one year high of $178.82. The stock has a fifty day moving average of $139.14 and a 200 day moving average of $143.59. Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, November 23rd. The restaurant operator reported $1.52 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.55 by ($0.03). The business had revenue of $784.90 million during the quarter, compared to analysts' expectations of $768.67 million. Cracker Barrel Old Country Store had a return on equity of 19.44% and a net margin of 9.02%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 1.1% in the second quarter. Vanguard Group Inc. now owns 2,261,613 shares of the restaurant operator's stock worth $335,759,000 after acquiring an additional 25,217 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Cracker Barrel Old Country Store by 6.3% in the third quarter. Macquarie Group Ltd. now owns 931,733 shares of the restaurant operator's stock worth $130,293,000 after acquiring an additional 55,069 shares during the period. State Street Corp boosted its stake in shares of Cracker Barrel Old Country Store by 1.3% in the second quarter. State Street Corp now owns 739,122 shares of the restaurant operator's stock worth $109,730,000 after acquiring an additional 9,834 shares during the period. American Century Companies Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 818.2% in the third quarter. American Century Companies Inc. now owns 568,654 shares of the restaurant operator's stock worth $79,521,000 after acquiring an additional 506,721 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cracker Barrel Old Country Store by 9.7% in the third quarter. Dimensional Fund Advisors LP now owns 475,688 shares of the restaurant operator's stock worth $66,524,000 after acquiring an additional 42,081 shares during the period. 89.12% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Friday, January 14th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, January 13th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 48.55%.

Cracker Barrel Old Country Store declared that its board has authorized a share repurchase program on Tuesday, September 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

Featured Article: Outperform Rating

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

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