Wall Street brokerages expect Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) to announce $750.35 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Cracker Barrel Old Country Store’s earnings. The lowest sales estimate is $748.40 million and the highest is $753.14 million. Cracker Barrel Old Country Store posted sales of $745.58 million in the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, September 13th.

According to Zacks, analysts expect that Cracker Barrel Old Country Store will report full-year sales of $750.35 million for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $3.07 billion per share, with estimates ranging from $3.07 billion to $3.08 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Cracker Barrel Old Country Store.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, beating the consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The company had revenue of $743.20 million for the quarter, compared to the consensus estimate of $746.72 million. During the same quarter last year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year.

Several research firms have weighed in on CBRL. Bank of America Corporation lowered their price target on Cracker Barrel Old Country Store from $150.00 to $140.00 and set an “underperform” rating on the stock in a research report on Monday. Maxim Group reaffirmed a “hold” rating and set a $170.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, May 17th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $156.00 price target (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Finally, BidaskClub lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $164.11.

Several hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,001 shares of the restaurant operator’s stock worth $335,000 after acquiring an additional 18 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Cracker Barrel Old Country Store by 0.7% during the 1st quarter. Bank of Montreal Can now owns 3,526 shares of the restaurant operator’s stock worth $562,000 after acquiring an additional 23 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Cracker Barrel Old Country Store by 2.0% during the 1st quarter. World Asset Management Inc now owns 1,426 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 28 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of Cracker Barrel Old Country Store by 1.2% during the 2nd quarter. Capstone Asset Management Co. now owns 2,511 shares of the restaurant operator’s stock worth $420,000 after acquiring an additional 30 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Cracker Barrel Old Country Store by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,543 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 30 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Cracker Barrel Old Country Store (NASDAQ CBRL) traded up 1.25% during trading on Friday, reaching $150.28. The company’s stock had a trading volume of 1,167,397 shares. The company has a market cap of $3.61 billion, a PE ratio of 18.22 and a beta of 0.52. The stock’s 50 day moving average price is $150.83 and its 200 day moving average price is $159.06. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

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

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