Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) PT at $50.88

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Reduce” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $50.8750.

CBRL has been the subject of a number of analyst reports. Zacks Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Argus reduced their price objective on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, September 29th. Piper Sandler decreased their price objective on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 20th. Finally, Bank of America reduced their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a research report on Thursday, September 18th.

Cracker Barrel Old Country Store Stock Up 2.1%

NASDAQ:CBRL opened at $31.76 on Wednesday. The stock has a 50-day simple moving average of $42.79 and a 200 day simple moving average of $52.53. Cracker Barrel Old Country Store has a 52-week low of $30.56 and a 52-week high of $71.93. The company has a market cap of $707.26 million, a PE ratio of 15.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The firm had revenue of $845.09 million during the quarter. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 48.31%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 419 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at about $30,000. Finally, Byrne Asset Management LLC bought a new position in Cracker Barrel Old Country Store during the third quarter worth about $51,000. 96.01% of the stock is owned by institutional investors.

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.