Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Reduce” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received an average recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $51.25.

A number of equities research analysts have recently issued reports on CBRL shares. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group cut their price target on shares of 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. Piper Sandler lifted their price target on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its stake in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter worth approximately $45,000. GAMMA Investing LLC grew its stake in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after buying an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 2.5 %

NASDAQ CBRL opened at $47.22 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.38 and a beta of 1.42. The business’s fifty day moving average is $45.62 and its 200-day moving average is $44.67. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the prior year, the business earned $1.79 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. 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 announced 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 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

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.