Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $55.00 Price Target at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price raised by Loop Capital from $50.00 to $55.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on the stock. UBS Group reiterated a “neutral” rating and set a $60.00 price target (up from $48.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday. Citigroup reiterated a “sell” rating and set a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Finally, Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.71.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $55.38 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 30.60, a P/E/G ratio of 8.36 and a beta of 1.36. The firm’s fifty day moving average is $47.57 and its 200 day moving average is $49.87. Cracker Barrel Old Country Store has a 52 week low of $33.86 and a 52 week high of $65.43. 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 (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.41. The firm had revenue of $821.10 million for the quarter, compared to analysts’ expectations of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. Research analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share 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 13th. Shareholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 31,800 shares of the stock in a transaction on Wednesday, April 9th. The stock was acquired at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following the completion of the purchase, the insider now owns 2,484,000 shares of the company’s stock, valued at $92,678,040. This represents a 1.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 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

A number of institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its position in shares of Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cracker Barrel Old Country Store by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after acquiring an additional 417 shares during the period. Sterling Capital Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Cracker Barrel Old Country Store in the 1st quarter worth $25,000. Finally, MetLife Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock valued at $707,000 after buying an additional 754 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.