Cracker Barrel Old Country Store (NASDAQ:CBRL) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $9.30-9.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.11. The company issued revenue guidance of $3.1 billion, compared to the consensus revenue estimate of $3.05 billion.Cracker Barrel Old Country Store also updated its Q3 guidance to $1.85-1.95 EPS.
Shares of Cracker Barrel Old Country Store (CBRL) traded down $3.26 during trading on Wednesday, reaching $160.83. 220,397 shares of the company were exchanged, compared to its average volume of 374,014. The stock has a market cap of $3,860.00, a price-to-earnings ratio of 14.46, a PEG ratio of 2.21 and a beta of 0.67. Cracker Barrel Old Country Store has a 1 year low of $141.75 and a 1 year high of $179.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.02 and a quick ratio of 0.58.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.42 by $0.31. The company had revenue of $787.70 million during the quarter, compared to the consensus estimate of $787.26 million. Cracker Barrel Old Country Store had a net margin of 8.10% and a return on equity of 36.86%. Cracker Barrel Old Country Store’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 EPS. equities analysts anticipate that Cracker Barrel Old Country Store will post 9.43 EPS for the current fiscal year.
Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $195.00 target price for the company in a report on Wednesday, January 10th. Maxim Group reissued a hold rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, February 20th. Telsey Advisory Group reissued a market perform rating and issued a $175.00 price target (up previously from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, February 15th. Finally, Wells Fargo & Co reaffirmed a market perform rating and set a $152.00 price objective (up from $140.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $163.13.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/03/14/cracker-barrel-old-country-store-cbrl-updates-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter.