Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $52.14 Consensus PT from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus rating of “Reduce” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $52.1429.

CBRL has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and set a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 20th. Zacks Research cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Bank of America decreased their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a report on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 8th.

Cracker Barrel Old Country Store Stock Up 2.4%

Cracker Barrel Old Country Store stock opened at $40.28 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The business’s 50-day simple moving average is $51.46 and its two-hundred day simple moving average is $53.19. The company has a market cap of $897.04 million, a PE ratio of 19.46 and a beta of 1.32. Cracker Barrel Old Country Store has a fifty-two week low of $33.85 and a fifty-two week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. The business had revenue of $845.09 million for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s payout ratio is 48.31%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of CBRL. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in Cracker Barrel Old Country Store in the 1st quarter worth about $30,000. Assetmark Inc. raised its holdings in Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares during the period. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth about $37,000. Finally, Meeder Asset Management Inc. acquired a new position in Cracker Barrel Old Country Store in the 1st quarter worth about $45,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.