Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Has Consensus Target Price of $50.86 According to Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $50.86.

A number of brokerages have recently weighed in on CBRL. Wells Fargo & Company lifted their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, September 21st. Bank of America restated an “underperform” rating and set a $48.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 24th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, September 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd.

Insider Activity at Cracker Barrel Old Country Store

In other news, SVP Donna Roberts sold 3,500 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $52.08, for a total transaction of $182,280.00. Following the transaction, the senior vice president owned 43,702 shares in the company, valued at approximately $2,276,000.16. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the business. Quantinno Capital Management LP acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $858,000. Biglari Sardar bought a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $3,685,215. Pinnacle Holdings LLC bought a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $1,639,000. Legal & General Group Plc acquired a new position in Cracker Barrel Old Country Store during the second quarter valued at approximately $2,867,000. Finally, SummerHaven Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $1,018,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Trading Up 0.5%

Cracker Barrel Old Country Store stock opened at $67.66 on Wednesday. The company has a 50 day moving average price of $55.50 and a 200 day moving average price of $46.69. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $70.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.24 and a current ratio of 0.58. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 48.33, a P/E/G ratio of 1.60 and a beta of 1.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.82. The firm had revenue of $849.34 million for the quarter, compared to analysts’ expectations of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Research analysts forecast that Cracker Barrel Old Country Store will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Friday, October 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 16th. Cracker Barrel Old Country Store’s payout ratio is currently 71.43%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve homestyle, Southern-inspired food, including breakfast, lunch and dinner offerings, along with beverages and seasonal menu items.

The company’s adjoining retail stores sell a range of merchandise, including home décor, apparel, gifts, toys, food products and other items associated with country living and traditional American culture.