Analysts Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Target Price at $57.13

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $52.43.

A number of equities analysts have recently issued reports on CBRL shares. Citigroup increased their price objective on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Loop Capital cut their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, March 7th.

Insiders Place Their Bets

In other news, major shareholder Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $44.60 per share, for a total transaction of $2,363,800.00. Following the purchase, the insider now directly owns 2,833,700 shares of the company’s stock, valued at approximately $126,383,020. The trade was a 1.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have purchased 385,307 shares of company stock valued at $15,679,910. Insiders own 1.40% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock worth $333,000 after purchasing an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cracker Barrel Old Country Store by 3.4% during 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 period. Sterling Capital Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 685.9% in 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 during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth $25,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock worth $707,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock opened at $57.18 on Wednesday. Cracker Barrel Old Country Store has a twelve month low of $33.86 and a twelve month high of $65.43. 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 stock has a fifty day simple moving average of $42.77 and a two-hundred day simple moving average of $48.93. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, April 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

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.