Recent Analysts’ Ratings Updates for Cracker Barrel Old Country Store (CBRL)

Cracker Barrel Old Country Store (NASDAQ: CBRL) recently received a number of ratings updates from brokerages and research firms:

• 9/20/2024 – Cracker Barrel Old Country Store had its price target raised by analysts at Bank of America Co. from $40.00 to $42.00. They now have an “underperform” rating on the stock.
• 9/20/2024 – Cracker Barrel Old Country Store was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/20/2024 – Cracker Barrel Old Country Store had its price target raised by analysts at Truist Financial Co. from $42.00 to $44.00. They now have a “hold” rating on the stock.
• 9/20/2024 – Cracker Barrel Old Country Store had its price target lowered by analysts at Loop Capital from $50.00 to $45.00. They now have a “hold” rating on the stock.
• 9/19/2024 – Cracker Barrel Old Country Store had its price target lowered by analysts at UBS Group AG from $55.00 to $42.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Cracker Barrel Old Country Store was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/5/2024 – Cracker Barrel Old Country Store had its price target lowered by analysts at Truist Financial Co. from $46.00 to $42.00. They now have a “hold” rating on the stock.
• 8/27/2024 – Cracker Barrel Old Country Store was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/6/2024 – Cracker Barrel Old Country Store was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock traded up $1.52 during trading on Tuesday, reaching $46.87. The company had a trading volume of 939,143 shares, compared to its average volume of 757,319. The firm’s 50 day simple moving average is $40.93 and its two-hundred day simple moving average is $48.83. Cracker Barrel Old Country Store, Inc. 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 current ratio of 0.61 and a quick ratio of 0.21. The company has a market capitalization of $1.04 billion, a PE ratio of 17.30, a PEG ratio of 1.11 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. Cracker Barrel Old Country Store’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 earnings per share. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.1 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.13%. Cracker Barrel Old Country Store’s payout ratio is presently 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $279,000. B. Riley Wealth Advisors Inc. acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at $220,000. Creative Planning raised its stake in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock valued at $533,000 after purchasing an additional 804 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Cracker Barrel Old Country Store by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock valued at $480,000 after purchasing an additional 618 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 57.1% during the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock worth $2,624,000 after purchasing an additional 22,658 shares during the period. Institutional investors own 96.01% of the company’s stock.

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.