Cracker Barrel Old Country Store (NASDAQ:CBRL) released its quarterly earnings results on Tuesday. The restaurant operator reported $0.70 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.10), MarketWatch Earnings reports. The business had revenue of $677.17 million during the quarter, compared to analysts' expectations of $676.88 million. Cracker Barrel Old Country Store had a net margin of 3.92% and a return on equity of 3.54%. The firm's revenue for the quarter was down 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS.
Shares of CBRL traded down $5.53 during trading hours on Tuesday, reaching $152.47. The stock had a trading volume of 12,428 shares, compared to its average volume of 268,424. The company has a quick ratio of 1.50, a current ratio of 1.86 and a debt-to-equity ratio of 1.54. Cracker Barrel Old Country Store has a 52 week low of $53.61 and a 52 week high of $170.10. The firm has a 50-day moving average of $142.21 and a 200 day moving average of $131.11. The company has a market cap of $3.62 billion, a P/E ratio of 39.80 and a beta of 1.39.
A number of equities research analysts recently issued reports on the company. Sidoti initiated coverage on Cracker Barrel Old Country Store in a research note on Thursday, December 10th. They issued a "buy" rating on the stock. Wells Fargo & Company reaffirmed an "underweight" rating and set a $132.00 price target (down previously from $136.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, December 17th. Truist downgraded Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research note on Monday, February 8th. CL King increased their price target on Cracker Barrel Old Country Store from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, November 17th. Finally, Telsey Advisory Group upgraded Cracker Barrel Old Country Store from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $140.00 to $165.00 in a report on Friday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus price target of $144.22.
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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items.
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