Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded to “Buy” at Truist Financial

Truist Financial upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. Truist Financial currently has $55.00 target price on the restaurant operator’s stock, up from their previous target price of $51.00.

Several other equities analysts have also commented on the company. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Piper Sandler increased their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. UBS Group boosted their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Finally, Bank of America raised 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 report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.13.

Cracker Barrel Old Country Store Trading Up 3.5 %

NASDAQ CBRL opened at $44.34 on Monday. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $74.21. The firm has a 50 day moving average of $53.73 and a two-hundred day moving average of $49.20. The stock has a market capitalization of $986.96 million, a PE ratio of 24.50, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $2,526,000. Cibc World Market Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $11,711,000. Good Life Advisors LLC purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $404,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 11.6% during the third 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 during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $256,000. 96.01% of the stock is owned by institutional investors and hedge funds.

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.