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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $57.25.

Several research firms have recently weighed in on CBRL. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Loop Capital increased their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Truist Financial boosted their price objective 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. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, November 18th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $25,636,000. Verition Fund Management LLC boosted its stake in Cracker Barrel Old Country Store by 96.0% in the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after purchasing an additional 78,816 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at about $4,498,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $51.24 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. The stock has a 50-day moving average of $48.81 and a 200-day moving average of $44.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. 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 issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.82 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

About Cracker Barrel Old Country Store

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.