Cracker Barrel Old Country Store (NASDAQ:CBRL) Given Hold Rating at Benchmark

Benchmark reiterated their hold rating on shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) in a research report released on Monday morning,Benzinga reports.

Several other brokerages have also issued reports on CBRL. Citigroup boosted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research report on Friday. Loop Capital dropped their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a report on Friday. Piper Sandler upped their price objective on 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. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $55.00 in a research report on Monday. Finally, Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $57.13.

Cracker Barrel Old Country Store Trading Up 3.5 %

Shares of CBRL opened at $44.34 on Monday. The company’s fifty day simple moving average is $53.73 and its 200-day simple moving average is $49.20. The company has a market cap of $986.96 million, a P/E ratio of 24.50, a P/E/G ratio of 8.36 and a beta of 1.57. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $74.21.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio grew 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 worth $61,000 after purchasing an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $79,000. 96.01% of the stock is currently owned by 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.