Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Recommendation of “Hold” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $162.75.

A number of equities research analysts have issued reports on CBRL shares. BidaskClub downgraded Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Thursday. Instinet started coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Wells Fargo & Company restated a “market perform” rating and set a $156.00 price target (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Nomura started coverage on Cracker Barrel Old Country Store in a research note on Wednesday, July 12th. They set a “neutral” rating and a $162.00 price target for the company. Finally, Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. bought a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $232,000. Dimensional Fund Advisors LP increased its position in shares of Cracker Barrel Old Country Store by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 395,781 shares of the restaurant operator’s stock worth $63,028,000 after buying an additional 11,236 shares during the period. Beacon Financial Group increased its position in shares of Cracker Barrel Old Country Store by 2.5% in the first quarter. Beacon Financial Group now owns 2,326 shares of the restaurant operator’s stock worth $371,000 after buying an additional 57 shares during the period. FMR LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $13,709,000. Finally, California Public Employees Retirement System increased its position in shares of Cracker Barrel Old Country Store by 3.0% in the first quarter. California Public Employees Retirement System now owns 30,800 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 900 shares during the period. Institutional investors own 88.85% of the company’s stock.

Cracker Barrel Old Country Store (CBRL) traded up 0.76% during trading on Tuesday, reaching $152.51. 181,149 shares of the company traded hands. The company’s 50-day moving average price is $159.38 and its 200 day moving average price is $160.96. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.49 and a beta of 0.51. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $713.06 million. During the same period last year, the company earned $1.82 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts expect that Cracker Barrel Old Country Store will post $8.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, July 12th. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.15%. Cracker Barrel Old Country Store’s payout ratio is 58.04%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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