Cracker Barrel Old Country Store (NASDAQ:CBRL) Announces Quarterly Earnings Results, Beats Expectations By $0.82 EPS

Cracker Barrel Old Country Store (NASDAQ:CBRL) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.82, Zacks reports. The firm had revenue of $849.34 million during the quarter, compared to the consensus estimate of $844.99 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%.

Cracker Barrel Old Country Store Stock Up 1.4%

CBRL opened at $45.48 on Wednesday. The company has a fifty day moving average price of $53.91 and a 200-day moving average price of $41.84. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $60.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. The firm has a market capitalization of $1.02 billion, a P/E ratio of 39.21 and a beta of 1.19.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBRL. Wells Fargo & Company boosted their target price on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Piper Sandler restated a “neutral” rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Finally, UBS Group raised their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.43.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.