Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.63 Average PT from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average rating of “Reduce” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $57.63.

CBRL has been the topic of a number of research reports. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, November 18th. UBS Group upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at $2,526,000. Cibc World Market Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $11,711,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares during the last quarter. PDT Partners LLC increased its holdings in shares of Cracker Barrel Old Country Store by 199.3% in the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock valued at $1,357,000 after purchasing an additional 19,925 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $256,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $57.50 on Monday. The company’s fifty day simple moving average is $56.38 and its 200-day simple moving average is $48.32. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The firm has a market cap of $1.28 billion, a PE ratio of 31.77, a P/E/G ratio of 11.25 and a beta of 1.47. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $80.77.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

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.