Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $77.14 Average PT from Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average recommendation of “Reduce” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $77.14.

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler cut their target price on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Truist Financial cut their target price on Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Finally, Citigroup upped their target price on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, February 28th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Cracker Barrel Old Country Store by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock valued at $176,257,000 after buying an additional 12,128 shares during the last quarter. BlackRock Inc. boosted its position in Cracker Barrel Old Country Store by 0.8% in the first quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock worth $302,682,000 after purchasing an additional 21,310 shares during the last quarter. Earnest Partners LLC boosted its position in Cracker Barrel Old Country Store by 1.9% in the third quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator’s stock worth $129,056,000 after purchasing an additional 35,042 shares during the last quarter. State Street Corp lifted its position in shares of Cracker Barrel Old Country Store by 13.0% during the 1st quarter. State Street Corp now owns 848,891 shares of the restaurant operator’s stock valued at $96,434,000 after buying an additional 97,728 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Cracker Barrel Old Country Store by 7.3% during the 1st quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator’s stock valued at $85,540,000 after buying an additional 50,927 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Trading Down 5.9 %

Shares of Cracker Barrel Old Country Store stock opened at $58.79 on Tuesday. The stock’s 50-day simple moving average is $70.07 and its 200 day simple moving average is $71.62. Cracker Barrel Old Country Store has a 52-week low of $58.58 and a 52-week high of $121.17. The stock has a market capitalization of $1.31 billion, a P/E ratio of 15.68, a P/E/G ratio of 4.70 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. As a group, research analysts anticipate that Cracker Barrel Old Country Store will post 4.62 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be issued a $1.30 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 8.85%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 138.67%.

About Cracker Barrel Old Country Store

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