Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $42.00 at Citigroup

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target upped by Citigroup from $39.00 to $42.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a sell rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on CBRL. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price target for the company from $51.00 to $55.00 in a research report on Monday, March 10th. 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 report on Friday, March 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $52.86.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $56.69 on Friday. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 8.36 and a beta of 1.36. The stock’s 50 day simple moving average is $44.26 and its two-hundred day simple moving average is $49.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 105,900 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the purchase, the insider now owns 2,452,200 shares in the company, valued at approximately $88,132,068. This represents a 4.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $25,000. Sterling Capital Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at $45,000. Finally, Russell Investments Group Ltd. increased its holdings in Cracker Barrel Old Country Store by 360.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after buying an additional 922 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

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.