Cracker Barrel Old Country Store (CBRL) Issues Earnings Results
Cracker Barrel Old Country Store (NASDAQ:CBRL) released its earnings results on Tuesday. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.02, RTT News reports. The company had revenue of $739.60 million for the quarter, compared to analyst estimates of $735.15 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. Cracker Barrel Old Country Store updated its FY 2019 guidance to $8.95-9.10 EPS.
NASDAQ CBRL opened at $161.05 on Tuesday. Cracker Barrel Old Country Store has a 12 month low of $141.63 and a 12 month high of $185.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.94 and a quick ratio of 0.55. The stock has a market cap of $3.78 billion, a PE ratio of 18.16, a P/E/G ratio of 1.76 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 19th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.25. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.
In other news, major shareholder Sardar Biglari sold 2,520 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $169.90, for a total transaction of $428,148.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.
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Cracker Barrel Old Country Store Company Profile
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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