Cracker Barrel Old Country Store (NASDAQ:CBRL) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.80-8.95 for the period. The company issued revenue guidance of $3.15-3.2 billion, compared to the consensus revenue estimate of $3.14 billion.Cracker Barrel Old Country Store also updated its FY20 guidance to $9.30-9.45 EPS.

Shares of CBRL stock opened at $165.46 on Thursday. The business’s 50-day moving average price is $166.40 and its 200-day moving average price is $165.01. Cracker Barrel Old Country Store has a 12 month low of $142.17 and a 12 month high of $185.00. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.82 and a beta of 0.59. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, September 17th. The restaurant operator reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.27. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The firm had revenue of $787.10 million for the quarter, compared to analyst estimates of $781.90 million. During the same period last year, the firm posted $2.19 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 9.38 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store announced that its Board of Directors has approved a share buyback plan on Tuesday, June 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 1.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

A number of analysts have recently commented on CBRL shares. BidaskClub raised Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Wednesday. Telsey Advisory Group lowered Cracker Barrel Old Country Store from an outperform rating to a market perform rating and cut their price target for the company from $190.00 to $170.00 in a research note on Wednesday, June 5th. Maxim Group set a $195.00 price target on Cracker Barrel Old Country Store and gave the company a buy rating in a research note on Sunday. SunTrust Banks lifted their price target on Cracker Barrel Old Country Store from $161.00 to $165.00 and gave the company a hold rating in a research note on Wednesday. Finally, Zacks Investment Research raised Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $172.82.

In other news, major shareholder Sardar Biglari sold 13,887 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $169.97, for a total transaction of $2,360,373.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 999,601 shares of company stock valued at $171,537,766 over the last 90 days. 0.88% of the stock is owned by corporate insiders.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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