Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise 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. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.
Cracker Barrel Old Country Store Stock Down 1.5 %
Shares of NASDAQ:CBRL traded down $1.65 during trading hours on Friday, hitting $108.62. 2,029 shares of the stock were exchanged, compared to its average volume of 403,634. Cracker Barrel Old Country Store has a 12 month low of $81.87 and a 12 month high of $149.88. The firm has a fifty day moving average price of $92.58 and a 200-day moving average price of $107.66. The company has a quick ratio of 0.22, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.48 billion, a PE ratio of 19.24, a PEG ratio of 2.60 and a beta of 1.33.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Rating) last posted its quarterly earnings data on Tuesday, June 7th. The restaurant operator reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.08. Cracker Barrel Old Country Store had a return on equity of 25.85% and a net margin of 4.19%. The firm had revenue of $790.20 million during the quarter, compared to analysts' expectations of $793.96 million. During the same quarter last year, the firm earned $1.51 EPS. The business's quarterly revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 5.93 EPS for the current year.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 15th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Thursday, July 14th. Cracker Barrel Old Country Store's dividend payout ratio is presently 90.75%.
Analyst Upgrades and Downgrades
CBRL has been the topic of several analyst reports. Citigroup cut their price target on shares of Cracker Barrel Old Country Store from $97.00 to $94.00 and set a "sell" rating on the stock in a report on Friday, June 3rd. Truist Financial dropped their price objective on Cracker Barrel Old Country Store from $104.00 to $94.00 and set a "hold" rating on the stock in a research note on Thursday, June 23rd. StockNews.com downgraded Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a report on Thursday, June 16th. MKM Partners lowered their target price on Cracker Barrel Old Country Store from $140.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, June 3rd. Finally, Bank of America lowered Cracker Barrel Old Country Store from a "neutral" rating to an "underperform" rating and cut their price target for the company from $108.00 to $94.00 in a research note on Monday, June 27th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $107.00.