News headlines about Cracker Barrel Old Country Store (NASDAQ:CBRL) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cracker Barrel Old Country Store earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 46.4078309812814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s analysis:
- Validea James P. O’Shaughnessy Strategy Daily Upgrade Report – 1/10/2018 – Nasdaq (nasdaq.com)
- Cracker Barrel Old Country Store (CBRL) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- EX-Dividend Schedule: Cracker Barrel Old Country Store has an Annualized Dividend Payout of $4.80 per Share; Will Trade Ex-Dividend on January 11, 2018 (finance.yahoo.com)
- Q3 2018 EPS Estimates for Cracker Barrel Old Country Store, Inc. (CBRL) Raised by SunTrust Banks (americanbankingnews.com)
CBRL has been the topic of a number of recent research reports. Nomura decreased their target price on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Thursday, September 14th. Instinet reaffirmed a “neutral” rating and set a $158.00 price target (down from $162.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 14th. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Maxim Group restated a “hold” rating and issued a $160.00 price target (up previously from $155.00) on shares of Cracker Barrel Old Country Store in a research report on Wednesday, October 11th. Finally, SunTrust Banks reiterated a “hold” rating and set a $136.00 target price on shares of Cracker Barrel Old Country Store in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $161.38.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The company had revenue of $710.40 million during the quarter, compared to analyst estimates of $718.85 million. During the same quarter last year, the firm posted $2.01 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. sell-side analysts forecast that Cracker Barrel Old Country Store will post 8.92 earnings per share for the current year.
Cracker Barrel Old Country Store announced that its board has approved a stock repurchase program on Friday, September 29th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Friday, January 12th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, January 11th. This represents a $4.80 annualized dividend and a dividend yield of 2.74%. Cracker Barrel Old Country Store’s payout ratio is presently 57.90%.
Cracker Barrel Old Country Store Company Profile
Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.
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