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

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

Cracker Barrel Old Country Store Stock Up 1.1 %

Shares of Cracker Barrel Old Country Store stock opened at $41.57 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock has a market cap of $922.94 million, a price-to-earnings ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42. The firm’s 50-day moving average is $40.93 and its two-hundred day moving average is $50.10. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be issued a $0.25 dividend. 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 payout ratio is currently 36.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CBRL shares. Bank of America lifted their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Friday. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday. Finally, Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.57.

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.