Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $51.25 Average Price Target from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $51.25.

CBRL has been the topic of a number of recent research reports. Piper Sandler boosted their price objective on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. 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, November 15th. UBS Group lowered 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 research report on Thursday, September 19th. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, November 15th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in Cracker Barrel Old Country Store by 22.4% in the third 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. MML Investors Services LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $213,000. iSAM Funds UK Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $238,000. Point72 DIFC Ltd bought a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at about $264,000. Finally, Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store during the third quarter worth about $2,526,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Stock Up 1.6 %

CBRL opened at $48.41 on Wednesday. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51. The firm has a 50 day moving average price of $46.03 and a 200 day moving average price of $44.70. 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 cap of $1.07 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business 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%. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 EPS. Sell-side analysts expect that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

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.