Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Price Target at $50.88

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received an average recommendation of “Reduce” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.8750.

CBRL has been the subject of a number of analyst reports. Bank of America dropped their price objective on shares of 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. Argus cut their price target on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a report on Monday, September 29th. Piper Sandler reduced their price target on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating and set a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $31.76 on Wednesday. Cracker Barrel Old Country Store has a one year low of $30.56 and a one year high of $71.93. The stock has a market cap of $707.26 million, a PE ratio of 15.34 and a beta of 1.32. 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 stock has a 50 day moving average price of $42.79 and a 200 day moving average price of $52.65.

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

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 48.31%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator’s stock worth $1,214,000 after acquiring an additional 311 shares during the period. Parvin Asset Management LLC boosted its holdings in Cracker Barrel Old Country Store by 4.4% in the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock valued at $507,000 after purchasing an additional 350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Cracker Barrel Old Country Store by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock worth $349,000 after purchasing an additional 389 shares during the period. Assetmark Inc. raised its stake in shares of Cracker Barrel Old Country Store by 517.3% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 419 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Cracker Barrel Old Country Store by 7.2% in the 3rd quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock valued at $276,000 after buying an additional 419 shares during the period. 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.