Cracker Barrel Old Country Store (NASDAQ:CBRL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) in a research note released on Thursday. The firm issued a hold rating on the restaurant operator’s stock.

A number of other research firms also recently commented on CBRL. CL King increased their target price on Cracker Barrel Old Country Store from $125.00 to $130.00 in a research report on Wednesday, March 1st. TheStreet upgraded Cracker Barrel Old Country Store from a c rating to a b- rating in a research report on Tuesday, February 28th. Citigroup lifted their target price on Cracker Barrel Old Country Store from $90.00 to $92.00 and gave the stock a sell rating in a research report on Wednesday, March 1st. Truist Financial raised their price target on Cracker Barrel Old Country Store from $101.00 to $105.00 in a research note on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Cracker Barrel Old Country Store from $100.00 to $110.00 in a research note on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of Hold and an average price target of $108.00.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $110.71 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.26 and a current ratio of 0.66. The stock has a market capitalization of $2.45 billion, a P/E ratio of 23.06, a P/E/G ratio of 4.73 and a beta of 1.36. The company’s 50-day simple moving average is $109.56 and its two-hundred day simple moving average is $105.94. Cracker Barrel Old Country Store has a 52-week low of $81.87 and a 52-week high of $126.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The restaurant operator reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $933.90 million for the quarter, compared to analysts’ expectations of $917.47 million. Cracker Barrel Old Country Store had a net margin of 3.20% and a return on equity of 23.55%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. As a group, analysts predict that Cracker Barrel Old Country Store will post 5.85 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 14th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Thursday, April 13th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 108.33%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $27,000. Compass Wealth Management LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $28,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $32,000. Signaturefd LLC grew its stake in Cracker Barrel Old Country Store by 102.7% during the 3rd quarter. Signaturefd LLC now owns 369 shares of the restaurant operator’s stock worth $34,000 after buying an additional 187 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Cracker Barrel Old Country Store by 43.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock worth $34,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

About Cracker Barrel Old Country Store

(Get Rating)

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.