Cracker Barrel’s price movement
Cracker Barrel Old Country Store (CBRL) has a market cap of $3.1 billion. Cracker Barrel’s YTD (year-to-date) price movement was a mix of rises and falls in calendar 2015. After the 1Q16 earnings report, Cracker Barrel fell by 6.5% to close at $129.91 per share as of November 24, 2015. The price movement on a weekly, monthly, and YTD basis is -2.3%, -8.6%, and -3.2%, respectively.
Technically, the stock broke the support. It’s trading below all of the moving day averages. Currently, Cracker Barrel is trading 5.1% below its 20-day moving average, 8.1% below its 50-day moving average, and 8.5% below its 200-day moving average.
The First Trust Mid Cap Growth AlphaDex ETF (FNY) invests 1.0% of its holdings in Cracker Barrel. FNY tracks a tiered equal-weighted index of mid-cap growth stocks selected by Standard & Poor’s AlphaDex selection methodology from the S&P 400 Index. FNY’s YTD price movement is 1.1% as of November 23, 2015.
Cracker Barrel’s competitors and their market caps are:
Cracker Barrel’s performance in 1Q16
Cracker Barrel reported 1Q16 revenue of $702.6 million—a rise of 2.8% compared to revenue of $683.4 million in 1Q15. Restaurants and retail revenue rose by 2.9% and 2.6%, respectively, in 1Q16—compared to 1Q15. The company’s operating income rose to $65.3 million in 1Q16—a rise of 17.9% compared to the same period last year. Its net income and EPS (earnings per share) rose to $40.9 million and $1.70, respectively, in 1Q16—compared to the net income and EPS of $34.0 million and $1.42, respectively, in 1Q15.
Meanwhile, the cash and cash equivalents and inventory rose by 20.4% and 4.8%, respectively, in 1Q16—compared to the same period last year. The company’s long-term DE (debt-to-equity) ratio rose to 0.74 in 1Q16—compared to the long-term DE ratio of 0.70 in 1Q15.
The company declared a regular quarterly dividend of $1.10 per share on its common stock. It also authorized new shares to repurchase up to $25 million of its common stock.
The company projected the following figures for fiscal 2Q16 and fiscal 2016:
For fiscal 2Q16, the company expects diluted EPS of $1.80–$1.90.
For fiscal 2016, Cracker Barrel expects the following:
- diluted EPS of $7.15–$7.30
- total revenue of $2.90–$2.95 billion
- plans to open seven new Cracker Barrel stores
- food commodity inflation of 2.5%-3.0% due to higher egg prices
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