Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $94.00

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) had its price objective upped by Citigroup to $94.00 in a research report released on Thursday morning, Stock Target Advisor reports.

CBRL has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Cracker Barrel Old Country Store from $100.00 to $106.00 in a research note on Wednesday, September 28th. Truist Financial cut their price target on Cracker Barrel Old Country Store from $100.00 to $96.00 in a research note on Wednesday, September 28th. Finally, StockNews.com assumed coverage on Cracker Barrel Old Country Store in a research note on Wednesday, October 12th. They issued a hold rating for the company. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of Hold and an average target price of $103.00.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $116.39 on Thursday. The stock has a 50-day simple moving average of $104.87 and a two-hundred day simple moving average of $100.60. The firm has a market capitalization of $2.58 billion, a P/E ratio of 20.53, a PEG ratio of 3.01 and a beta of 1.34. Cracker Barrel Old Country Store has a fifty-two week low of $81.87 and a fifty-two week high of $144.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.63.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last released its quarterly earnings data on Tuesday, September 27th. The restaurant operator reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.19. Cracker Barrel Old Country Store had a return on equity of 24.53% and a net margin of 4.04%. The business had revenue of $830.40 million during the quarter, compared to analyst estimates of $836.93 million. During the same quarter last year, the business posted $2.25 EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Cracker Barrel Old Country Store will post 6.52 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Friday, October 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Thursday, October 20th. Cracker Barrel Old Country Store’s payout ratio is 91.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TCM Advisors LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 1.9% during the 1st quarter. TCM Advisors LLC now owns 5,300 shares of the restaurant operator’s stock worth $629,000 after purchasing an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 0.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 17,628 shares of the restaurant operator’s stock worth $1,632,000 after purchasing an additional 102 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Cracker Barrel Old Country Store by 3.2% during the 2nd quarter. WINTON GROUP Ltd now owns 3,470 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 109 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 43.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 112 shares during the last quarter. Finally, Burney Co. boosted its holdings in shares of Cracker Barrel Old Country Store by 3.5% during the 1st quarter. Burney Co. now owns 3,550 shares of the restaurant operator’s stock worth $421,000 after purchasing an additional 120 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

(Get Rating)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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