Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) – Research analysts at SunTrust Banks cut their Q4 2017 earnings per share (EPS) estimates for shares of Cracker Barrel Old Country Store in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $2.16 per share for the quarter, down from their prior estimate of $2.17. SunTrust Banks also issued estimates for Cracker Barrel Old Country Store’s Q1 2018 earnings at $1.92 EPS, Q2 2018 earnings at $2.17 EPS and Q4 2018 earnings at $2.63 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 13th. The restaurant operator reported $2.23 EPS for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.49% and a net margin of 6.90%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $746.72 million. During the same period last year, the firm earned $2.12 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was down .3% compared to the same quarter last year.

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Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Maxim Group reiterated a “hold” rating and issued a $155.00 price objective (down previously from $170.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 7th. Wells Fargo & Company reiterated a “market perform” rating and issued a $156.00 price objective (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 25th. Finally, Instinet started coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $162.00 price objective for the company. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $163.22.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up 0.93% during midday trading on Wednesday, reaching $150.40. The company’s stock had a trading volume of 73,405 shares. The stock has a 50-day moving average of $150.38 and a 200 day moving average of $158.92. Cracker Barrel Old Country Store has a 12-month low of $130.15 and a 12-month high of $175.04. The firm has a market capitalization of $3.62 billion, a P/E ratio of 18.23 and a beta of 0.52.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Cracker Barrel Old Country Store by 18,784.9% during the 1st quarter. BlackRock Inc. now owns 2,252,783 shares of the restaurant operator’s stock valued at $358,755,000 after acquiring an additional 2,240,854 shares in the last quarter. Vanguard Group Inc. grew its stake in Cracker Barrel Old Country Store by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,242,652 shares of the restaurant operator’s stock valued at $375,084,000 after acquiring an additional 26,046 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Cracker Barrel Old Country Store by 4.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 906,343 shares of the restaurant operator’s stock valued at $152,421,000 after acquiring an additional 37,551 shares in the last quarter. State Street Corp grew its stake in Cracker Barrel Old Country Store by 2.9% during the 2nd quarter. State Street Corp now owns 739,419 shares of the restaurant operator’s stock valued at $123,663,000 after acquiring an additional 20,932 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Cracker Barrel Old Country Store by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 697,577 shares of the restaurant operator’s stock valued at $116,671,000 after acquiring an additional 25,517 shares in the last quarter. 85.94% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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.

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

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