Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $48.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price boosted by Truist Financial from $44.00 to $48.00 in a report issued on Friday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

CBRL has been the subject of a number of other research reports. Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, September 20th. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $54.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $48.81 on Friday. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The firm’s 50 day moving average price is $45.15 and its 200-day moving average price is $44.80. The firm has a market cap of $1.08 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.40 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data 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 1.15% and a return on equity of 18.58%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the previous year, the business posted $1.79 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Cracker Barrel Old Country Store will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares during the period. ProShare Advisors LLC lifted its position in Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after purchasing an additional 306 shares during the period. Advisors Asset Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after purchasing an additional 321 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the period. Finally, CWM LLC raised its stake in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other 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.