Cracker Barrel Raises Outlook as Q3 Results Beat View (CBRL)

Share |

Restaurant and retail concept operator Cracker Barrel Old Country Store, Inc. ( CBRL ) on Tuesday posted a better-than-expected third quarter profit and raised its full-year outlook.

The Lebanon, TN-based company reported fiscal third quarter net income of $14.4 million, or 62 cents per share, compared with $11.9 million, or 53 cents per share, in the year-ago period.

Revenue rose 2% from last year, to $578.2 million.

On average, Wall Street analysts expected a smaller profit of 58 cents per share, on slightly lower revenue of $577.3 million.

Looking ahead, the company raised its full-year outlook to a range of $3.50 to $3.60 per share, up from a prior forecast of $3.35 to $3.50 per share. Analysts currently expect $3.53 per share for the year.

Cracker Barrel shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of CBRL have a dividend yield of 1.60%, based on last night's closing stock price of $50.01. The stock has technical support in the $45-$46 price area. The stock is currently trading near all-time highs of $53 a share. We would remain on the sidelines for now, but we will be watching the stock closely.

Cracker Barrel Old Country Store, Inc. ( CBRL ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: CBRL

More from

Related Videos



Most Active by Volume

  • $16.44 ▲ 2.37%
  • $10.19 ▲ 28.66%
  • $112.92 ▲ 2.94%
  • $25.01 ▲ 4.16%
  • $105.64 ▲ 2.53%
  • $2.28 ▲ 49.02%
  • $27.99 ▼ 2.34%
  • $43.90 ▲ 2.79%
As of 8/27/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by