Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $48.14 Consensus PT from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $48.1429.

Several analysts recently weighed in on the company. Bank of America increased their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research note on Monday, June 15th. Wells Fargo & Company increased their price objective on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Argus raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th.

Cracker Barrel Old Country Store Trading Down 0.1%

NASDAQ:CBRL opened at $56.03 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $49.98 and its 200-day moving average is $37.29. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 48.30 and a beta of 1.20. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $63.61.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that Cracker Barrel Old Country Store will post 0.01 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 86.21%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Canada Pension Plan Investment Board bought a new position in Cracker Barrel Old Country Store in the second quarter worth $37,000. Finally, PNC Financial Services Group Inc. lifted its position in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.