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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $62.14.

Several brokerages recently commented on CBRL. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Citigroup decreased their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research report on Friday, May 31st. Bank of America dropped their price target on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating for the company in a report on Thursday, May 16th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Finally, Loop Capital dropped their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 20th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently added to or reduced their stakes in CBRL. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $32,000. Future Financial Wealth Managment LLC acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at approximately $73,000. Security National Bank bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth approximately $81,000. Newbridge Financial Services Group Inc. lifted its position in shares of Cracker Barrel Old Country Store by 85.2% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock worth $91,000 after purchasing an additional 575 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 788 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Trading Down 1.2 %

Shares of NASDAQ:CBRL opened at $44.47 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The company’s 50-day moving average price is $52.08 and its two-hundred day moving average price is $65.59. The stock has a market capitalization of $987.23 million, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.46. Cracker Barrel Old Country Store has a one year low of $42.88 and a one year high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. The firm had revenue of $817.14 million during the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. On average, equities analysts forecast that Cracker Barrel Old Country Store will post 3.88 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 191.88%.

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.