Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.13 Consensus Target Price from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $57.13.

Several brokerages have commented on CBRL. Loop Capital cut their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. UBS Group raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a report on Friday, March 7th. Finally, Piper Sandler upped their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $38.82 on Tuesday. The firm has a market capitalization of $864.25 million, a P/E ratio of 21.45, a PEG ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $73.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The business has a fifty day moving average price of $48.92 and a 200-day moving average price of $49.43.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 487 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 913 shares during the period. Lee Danner & Bass Inc. bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. Hedge funds and other institutional investors 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.