Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a hold rating in a report issued on Friday morning.

CBRL has been the topic of a number of other reports. Loop Capital dropped their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a hold rating on the stock in a research note on Friday. UBS Group dropped their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday. Argus lowered Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Tuesday, August 6th. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a hold rating in a research report on Friday. Finally, Benchmark upgraded shares of Cracker Barrel Old Country Store to a hold rating in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of Hold and a consensus target price of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

CBRL opened at $41.57 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average is $40.93 and its two-hundred day moving average is $50.10. The company has a market capitalization of $922.94 million, a P/E ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the prior year, the business posted $1.79 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Cracker Barrel Old Country Store will post 3.83 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the period. CWM LLC raised its stake in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the last quarter. GAMMA Investing LLC lifted its position in Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 1,051 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at about $73,000. Finally, nVerses Capital LLC increased its holdings in shares of Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,500 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.