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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $57.25.

A number of brokerages recently weighed in on CBRL. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, November 18th. Piper Sandler lifted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Finally, Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th.

Cracker Barrel Old Country Store Trading Up 1.8 %

Cracker Barrel Old Country Store stock opened at $57.28 on Thursday. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $82.98. The company’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $45.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.75%. Cracker Barrel Old Country Store’s dividend payout ratio is 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store in the third quarter worth about $2,526,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after buying an additional 111,892 shares in the last quarter. PDT Partners LLC lifted its position in shares of Cracker Barrel Old Country Store by 199.3% during the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock worth $1,357,000 after buying an additional 19,925 shares during the period. BNP Paribas Financial Markets grew its position in Cracker Barrel Old Country Store by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after acquiring an additional 13,040 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $1,016,000. Institutional investors own 96.01% of the company’s stock.

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.