Part of the data in this report is derived from Zacks Research and FactSet. The FactSet consensus for earnings per share was $2.13.
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Shares of Cracker Barrel were trading down 4.1% at $144.35 on Wednesday, with a consensus analyst price target of $164.00 and a 52-week trading range of $118.01 to $172.89.
The company will continue to open new locations, despite the economic headwinds, she added, with seven or eight new Cracker Barrel units and four or five Holler & Dash Biscuit House locations in fiscal 2017. They noted that the move was a valuation call.
Cracker Barrel Old Country Store Inc.is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The stock now has an average rating of Hold and a consensus price target of $165.83. (NASDAQ:CBRL) to close at $139.98 by decreasing -7.01% with session volume was recorded 1.81 Million. We in no way are suggesting that readers make any decision on Cracker Barrel Old Country Store, Inc. In fiscal 2015, that was less than $70 million, or about 2.4 percent of revenues. The company reported actual earnings per share for the previous quarter of $1.82. Its adjusted net income for the quarter came in at $2.8 million.
Revenue increased 3.7% to $745.6 million, above analysts’ expectations for revenue of $741 million.
For the current quarter, Cracker Barrel predicted per-share earnings of $1.75 to $1.85, while analysts expected per-share profit of $1.94.
Cracker Barrel expects full-year earnings to be $7.95 to $8.10 per share, with revenue in the range of $2.95 billion to $3 billion.
Analysts are expecting CLARCOR Inc.
In related news, VP Laura A. Daily sold 600 shares of the business’s stock in a transaction on Wednesday, June 22nd. The stock’s 50 day moving average price is $156.26 and its 200 day moving average price is $155.73.
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Hedge funds have recently bought and sold shares of the company. Maxim Group decreased their price objective on Cracker Barrel Old Country Store from $178.00 to $170.00 and set a buy rating on the stock in a report on Monday, August 8th. State Street Corp raised its position in Cracker Barrel Old Country Store by 0.4% in the second quarter. FMR LLC boosted its stake in Cracker Barrel Old Country Store by 28.8% in the second quarter. Ameritas Investment Partners Inc. now owns 5,266 shares of the company’s stock valued at $903,000 after buying an additional 186 shares in the last quarter. Investors look to invest in the stocks with a lower PEG ratio.
