Cracker Barrel Old Country Store (NASDAQ:CBRL) Releases FY20 Earnings Guidance

Share on StockTwits

Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $9.30-9.45 for the period, compared to the Thomson Reuters consensus estimate of $9.29. The company issued revenue guidance of $3.15-3.20 billion, compared to the consensus revenue estimate of $3.15 billion.Cracker Barrel Old Country Store also updated its FY 2020 guidance to $8.80-8.95 EPS.

Shares of Cracker Barrel Old Country Store stock opened at $166.26 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. Cracker Barrel Old Country Store has a twelve month low of $143.40 and a twelve month high of $185.00. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.79 and a beta of 0.59. The company’s fifty day moving average is $166.23 and its 200 day moving average is $165.03.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, September 17th. The restaurant operator reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.27. Cracker Barrel Old Country Store had a net margin of 7.27% and a return on equity of 36.01%. The company had revenue of $787.10 million for the quarter, compared to analysts’ expectations of $781.90 million. During the same quarter in the previous year, the firm posted $2.19 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Cracker Barrel Old Country Store will post 9.09 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 4th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

CBRL has been the topic of several analyst reports. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Thursday, May 23rd. SunTrust Banks boosted their price objective on shares of Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the stock a hold rating in a research note on Wednesday. Wells Fargo & Co boosted their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $155.00 and gave the stock a market perform rating in a research note on Wednesday. Maxim Group set a $195.00 price objective on shares of Cracker Barrel Old Country Store and gave the stock a buy rating in a research note on Sunday, September 15th. Finally, BidaskClub raised shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $172.82.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 13,887 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $169.97, for a total transaction of $2,360,373.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 999,601 shares of company stock worth $171,537,766 in the last ninety days. Insiders own 0.88% of the company’s stock.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

Featured Story: Cost of Capital Explained

Earnings History and Estimates for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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.