Cracker Barrel Stock Has a Lot to Prove on Wednesday
It will be a quiet week on the earnings front, but one name worth watching is Cracker Barrel (NASDAQ: CBRL). The unique concept that combines a restaurant specializing in southern comfort foods with a throwback country store will be posting its fiscal fourth-quarter results on Wednesday.
Analysts aren't holding out for much. They see flattish revenue growth, rising a mere 0.5% to $749.6 million. Earnings per share are expected to clock in at $2.19, just ahead of the $2.12 it rang up a year earlier. The stock is trading closer to its 52-week low than its 52-week high, seemingly making Cracker Barrel yet another casualty in what some are calling a "restaurant recession" in the casual-dining industry. It's tempting to call this a dog stock but hush, puppy.
Source: Fool.com