Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of “Hold” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.1429.

A number of brokerages have recently weighed in on CBRL. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. UBS Group lifted their target price on Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. 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. Wells Fargo & Company upgraded shares of Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $35.00 to $50.00 in a research report on Wednesday, June 10th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $53.61 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Cracker Barrel Old Country Store has a twelve month low of $24.85 and a twelve month high of $71.93. The company has a 50 day moving average of $41.89 and a 200-day moving average of $34.21. The stock has a market capitalization of $1.20 billion, a P/E ratio of 46.22 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. As a group, equities research analysts forecast that Cracker Barrel Old Country Store will post -0.83 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.00 annualized dividend and a yield of 1.9%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 86.21%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in CBRL. Alliancebernstein L.P. raised its stake in Cracker Barrel Old Country Store by 19.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after purchasing an additional 237,741 shares during the period. Franklin Resources Inc. grew its holdings in Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after acquiring an additional 923,409 shares during the period. State Street Corp boosted its holdings in Cracker Barrel Old Country Store by 1.1% in the 4th quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock worth $22,174,000 after buying an additional 9,332 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cracker Barrel Old Country Store by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock worth $32,756,000 after purchasing an additional 15,661 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at about $43,930,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

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.