Loop Capital Cuts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $50.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target cut by Loop Capital from $55.00 to $50.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other research firms also recently commented on CBRL. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Truist Financial increased their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.63.

Cracker Barrel Old Country Store Trading Down 1.2 %

Shares of CBRL stock opened at $42.82 on Friday. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $74.21. The company has a 50 day moving average price of $53.73 and a 200 day moving average price of $49.20. The stock has a market capitalization of $953.13 million, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. US Bancorp DE increased its position in shares of Cracker Barrel Old Country Store by 365.0% during the third quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 2,548 shares in the last quarter. Verity Asset Management Inc. grew its stake in Cracker Barrel Old Country Store by 138.1% during the 3rd quarter. Verity Asset Management Inc. now owns 12,258 shares of the restaurant operator’s stock worth $556,000 after buying an additional 7,109 shares during the last quarter. Versor Investments LP acquired a new position in Cracker Barrel Old Country Store during the third quarter worth approximately $209,000. Aviance Capital Partners LLC increased its position in Cracker Barrel Old Country Store by 84.9% during the third quarter. Aviance Capital Partners LLC now owns 19,438 shares of the restaurant operator’s stock worth $882,000 after buying an additional 8,925 shares during the period. Finally, Factorial Partners LLC lifted its stake in Cracker Barrel Old Country Store by 52.9% in the third quarter. Factorial Partners LLC now owns 26,000 shares of the restaurant operator’s stock valued at $1,179,000 after buying an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.