Cracker Barrel Old Country Store (NASDAQ:CBRL) Updates 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 EPS guidance of $0.45 for the period, compared to the consensus EPS 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 Performance

NASDAQ CBRL opened at $48.81 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 26.97, a PEG ratio of 1.40 and a beta of 1.42. The stock has a 50-day simple moving average of $45.15 and a two-hundred day simple moving average of $44.88. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51.

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

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CBRL shares. Loop Capital cut their price objective 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. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” 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 report on Tuesday, August 6th. Bank of America raised their price objective on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a report on Friday. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.