Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $39.00 Price Target at Citigroup

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target increased by Citigroup from $38.00 to $39.00 in a research report released on Friday morning,Benzinga reports. They currently have a sell rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on CBRL. Loop Capital dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com raised shares of 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 report on Thursday, January 16th. Piper Sandler raised their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, UBS Group upped their target price 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.63.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $42.82 on Friday. The stock has a market capitalization of $953.13 million, a P/E ratio of 23.66, a PEG ratio of 8.36 and a beta of 1.57. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average price is $53.73 and its 200 day moving average price is $49.20. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% during 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 last quarter. Advisors Asset Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cracker Barrel Old Country Store by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after acquiring an additional 417 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 487 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.