Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.13 Consensus Price Target from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $57.13.

Several research firms have commented on CBRL. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Citigroup lifted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a report on Friday, March 7th. Piper Sandler increased their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $41.32 on Tuesday. The business has a fifty day moving average of $49.53 and a 200 day moving average of $49.21. The stock has a market cap of $919.91 million, a P/E ratio of 22.83, a PEG ratio of 8.36 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $74.21.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cracker Barrel Old Country Store by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,837 shares of the restaurant operator’s stock worth $1,894,000 after purchasing an additional 4,192 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 1.1% during the 4th quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator’s stock worth $11,839,000 after buying an additional 2,366 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $3,990,000. Towle & Co. acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $13,575,000. Finally, Twinbeech Capital LP purchased a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $437,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.