Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Consensus Rating of “Reduce” by Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average rating of “Reduce” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $76.57.

Several analysts recently weighed in on CBRL shares. Citigroup boosted their price objective on shares of 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. Truist Financial cut their price objective on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Finally, UBS Group reduced 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 note on Wednesday, February 28th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CBRL. Stratos Wealth Advisors LLC grew its stake in Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 253 shares during the period. Fifth Third Bancorp grew its position in shares of Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock valued at $1,477,000 after acquiring an additional 1,098 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 162.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock worth $5,017,000 after purchasing an additional 46,232 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 22.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator’s stock valued at $1,596,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Cracker Barrel Old Country Store by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock valued at $46,541,000 after purchasing an additional 24,902 shares during the period. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Trading Down 1.8 %

Shares of CBRL opened at $56.17 on Friday. The business’s fifty day moving average is $65.11 and its 200-day moving average is $70.86. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.99 and a beta of 1.48. 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 has a 52-week low of $54.87 and a 52-week high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. Equities analysts anticipate that Cracker Barrel Old Country Store will post 4.61 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 annualized dividend and a yield of 9.26%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 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.