Cracker Barrel Old Country Store (CBRL) Earns Daily News Impact Score of 0.06
News articles about Cracker Barrel Old Country Store (NASDAQ:CBRL) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cracker Barrel Old Country Store earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 46.478674612951 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $1.83 during midday trading on Friday, reaching $164.97. 321,698 shares of the company’s stock traded hands, compared to its average volume of 296,097. The firm has a market cap of $3,935.86, a PE ratio of 19.79, a PEG ratio of 2.84 and a beta of 0.46. The company has a quick ratio of 0.42, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store has a 12 month low of $141.75 and a 12 month high of $175.04.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.06. The business had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 EPS. sell-side analysts predict that Cracker Barrel Old Country Store will post 8.63 earnings per share for the current year.
Cracker Barrel Old Country Store announced that its Board of Directors has authorized a stock repurchase program on Friday, September 29th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the restaurant operator to buy up to 0.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Several research analysts have commented on the stock. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Maxim Group reiterated a “hold” rating and set a $160.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, November 22nd. Longbow Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. Instinet reiterated a “neutral” rating and set a $158.00 price target (down previously from $162.00) on shares of Cracker Barrel Old Country Store in a report on Thursday, September 14th. Finally, Nomura lowered their price target on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $155.25.
In other news, CEO Sandra B. Cochran sold 36,794 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $151.67, for a total transaction of $5,580,545.98. Following the completion of the sale, the chief executive officer now owns 157,591 shares in the company, valued at approximately $23,901,826.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by insiders.
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.
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