Cracker Barrel Old Country Store (NASDAQ:CBRL) Updates Q1 Earnings Guidance

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) updated its first quarter earnings guidance on Thursday. 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 Up 6.2 %

Shares of Cracker Barrel Old Country Store stock traded up $2.80 on Thursday, reaching $48.07. 1,190,325 shares of the company were exchanged, compared to its average volume of 733,437. The company has a market cap of $1.07 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The stock's 50 day moving average price is $44.72 and its 200-day moving average price is $45.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. 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 (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. Cracker Barrel Old Country Store's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 EPS. As a group, equities analysts forecast that Cracker Barrel Old Country Store will post 2.94 EPS 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. Stockholders of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Cracker Barrel Old Country Store's dividend payout ratio is 54.35%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Argus lowered Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. UBS Group reduced their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, September 19th. Loop Capital reduced 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 research note on Friday, September 20th. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Finally, 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, September 20th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.