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Cracker Barrel, which operates restaurants and gift shops, reported dramatic growth in earnings and revenues between 1 9 8 3 and 1 9 9 2
Cracker Barrel, which operates restaurants and gift shops, reported dramatic growth in earnings and revenues between and During this period, earnings grew from $ per share in to $ per share in The dividends paid in amounted to only $ per share. The earnings growth rate was expected to ease to a year from to and to a year after that. The payout ratio is expected to increase to from to and to after that. The beta of the stock is currently but it is expected to decline to for the time period and to after that. The treasury bond rate is The market risk premium is
Estimate the PE ratio for Cracker Barrel.
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