Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $45.00 at Bank of America

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective boosted by Bank of America from $42.00 to $45.00 in a report published on Friday,Benzinga reports. The brokerage currently has an underperform rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on the company. Loop Capital reduced their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a report on Friday, September 20th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group decreased their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Finally, Truist Financial boosted their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $48.81 on Friday. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The company has a market capitalization of $1.08 billion, a PE ratio of 26.97, a PEG ratio of 1.40 and a beta of 1.42. The company’s 50 day moving average price is $45.15 and its 200 day moving average price is $44.80.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.79 earnings per share. Research analysts expect that Cracker Barrel Old Country Store will post 2.97 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.05%. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. grew its stake in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 400 shares during the last quarter. CWM LLC raised its stake in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at $45,000. GAMMA Investing LLC grew its position in Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares during the period. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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.