Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRL) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19), Briefing.com reports. 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 1.77% and a return on equity of 22.11%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 earnings per share. Cracker Barrel Old Country Store updated its FY 2025 guidance to EPS.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL traded up $0.46 during mid-day trading on Friday, hitting $41.57. 1,437,268 shares of the company’s stock traded hands, compared to its average volume of 758,856. The firm has a 50 day moving average of $40.93 and a two-hundred day moving average of $50.10. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51. The firm has a market capitalization of $922.94 million, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 36.90%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Citigroup lowered their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial boosted their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $53.57.

About Cracker Barrel Old Country Store

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.