Cracker Barrel Old Country Store (NASDAQ:CBRL) Updates Q1 Earnings Guidance

Cracker Barrel Old Country Store (NASDAQ:CBRL) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.45 for the period, compared to the consensus earnings per share estimate of $0.34. The company issued revenue guidance of $845.1 million, compared to the consensus revenue estimate of $826.38 million. Cracker Barrel Old Country Store also updated its FY 2025 guidance to EPS.

Cracker Barrel Old Country Store Stock Up 6.2 %

Shares of CBRL opened at $48.07 on Friday. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.29 and a beta of 1.42. The stock’s 50-day moving average price is $44.92 and its 200-day moving average price is $45.04. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 2.94 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 54.35%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CBRL shares. Bank of America lifted their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Company Profile

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.