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

Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its first quarter earnings guidance on Thursday morning. 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 1.5 %

Cracker Barrel Old Country Store stock opened at $48.81 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.08 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.40 and a beta of 1.42. The business has a fifty day moving average of $45.15 and a two-hundred day moving average of $44.88. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period in the previous year, the firm posted $1.79 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Cracker Barrel Old Country Store will post 2.97 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBRL shares. Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group decreased their price target 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. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $54.57.

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.