Fourth Quarter 2022 EPS estimates for Cracker Barrel Old Country Store, Inc. have been reduced by Truist Securiti (NASDAQ: CBRL)

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Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) – Research analysts at Truist Securiti lowered their earnings per share estimates for the fourth quarter of 2022 for shares of Cracker Barrel Old Country Store in a report released on Wednesday 12 January. Truist Securiti analyst J. Bartlett now predicts the restaurateur will earn $ 2.44 per share for the quarter, down from its previous forecast of $ 2.66. Truist Securiti has also released Cracker Barrel Old Country Store’s earnings estimates for fiscal 2023 at $ 8.21 EPS.

Several other stock analysts also commented on the company recently. TheStreet downgraded Cracker Barrel Old Country Store from a “b” rating to a “c +” rating in a research report released on Friday, December 31. Truist lowered its target price on Cracker Barrel Old Country Store from $ 148.00 to $ 136.00 in a report released Wednesday. Truist Securities reduced its target price on Cracker Barrel Old Country Store from $ 148.00 to $ 136.00 in a report released Wednesday. MKM Partners reduced its price target on Cracker Barrel Old Country Store from $ 155.00 to $ 145.00 and rated the stock “neutral” in a report released on Wednesday, November 24. Finally, Bank of America launched coverage on Cracker Barrel Old Country Store in a report released on Tuesday, October 26. They issued a “neutral” rating and a target price of $ 148.00 on the stock. Two equity research analysts rated the stock with a sell rating, eight issued a conservation rating, and two assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average “Hold” rating and a consensus price target of $ 147.20.

Shares of Cracker Barrel Old Country Store opened at $ 128.74 on Thursday. The stock’s 50-day simple moving average is $ 132.10 and its 200-day simple moving average is $ 136.84. Cracker Barrel Old Country Store has a 52 week low of $ 117.10 and a 52 week high of $ 178.82. The company has a market cap of $ 3.03 billion, a price / earnings ratio of 26.06, a PEG ratio of 1.20 and a beta of 1.42. The company has a quick ratio of 0.44, a current ratio of 0.79, and a debt ratio of 0.60. Cracker Barrel Old Country Store (NASDAQ: CBRL) last released its quarterly profit data on Tuesday, November 23. The restaurateur reported earnings per share of $ 1.52 for the quarter, missing Zacks’ consensus estimate of $ 1.55 of ($ 0.03). The company posted revenue of $ 784.90 million for the quarter, compared to a consensus estimate of $ 768.67 million. Cracker Barrel Old Country Store had a net margin of 3.96% and a return on equity of 22.21%. The company’s quarterly revenue increased 21.4% year-over-year. During the same period last year, the company made EPS of $ 0.69.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 1. Shareholders of record on Friday January 14 will receive a dividend of $ 1.30 per share. The ex-dividend date is Thursday, January 13. This represents an annualized dividend of $ 5.20 and a dividend yield of 4.04%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 105.26%.

Cracker Barrel Old Country Store announced that its board of directors launched a stock buyback plan on Tuesday, September 21 that allows the company to repurchase $ 100.00 million of shares. This buy-back authorization allows the restaurateur to buy up to 3% of his stock through purchases on the market. Share repurchase plans are usually a sign that the board of directors of the company feels its shares are undervalued.

Several large investors have recently changed their positions in CBRL. Amundi Pioneer Asset Management Inc. strengthened its position in Cracker Barrel Old Country Store shares by 3.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 69,051 restaurateur shares valued at $ 11,159,000 after purchasing an additional 2,106 shares during the period. Envestnet Asset Management Inc. increased its holdings of Cracker Barrel Old Country Store shares by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 15,590 restaurateur shares valued at $ 2,315,000 after purchasing 841 additional shares during the period. Sei Investments Co. increased its holdings of Cracker Barrel Old Country Store shares by 14.9% in the second quarter. Sei Investments Co. now owns 8,123 restaurateur shares valued at $ 1,235,000 after purchasing an additional 1,056 shares during the period. HighTower Advisors LLC increased its holdings of Cracker Barrel Old Country Store shares by 1.5% in the second quarter. HighTower Advisors LLC now owns 6,032 shares of the restaurateur valued at $ 893,000 after purchasing 88 additional shares during the period. Finally, Rockefeller Capital Management LP increased its stake in Cracker Barrel Old Country Store shares by 117.8% in the second quarter. Rockefeller Capital Management LP now owns 196 restaurateur shares worth $ 28,000 after purchasing 106 additional shares during the period. Institutional investors and hedge funds hold 83.59% of the company’s shares.

Company Profile Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of restaurants and retail outlets. The format of its stores consists of a former, rustic, country-branded store that offers a restaurant menu of traditional, house-style dishes. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

Further Reading: Leveraged Buyout (LBO) Explained

Revenue history and estimates for Cracker Barrel Old Country Store (NASDAQ: CBRL)

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