Cracker Barrel Old Country Store Inc. Sets New 1-Year High at $108.91 (CBRL)
Cracker Barrel Old Country Store (NASDAQ:CBRL) set a new 52-week high during mid-day trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $108.91 and last traded at $108.53, with a volume of 88,255 shares. The stock had previously closed at $107.30.
CBRL has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Cracker Barrel Old Country Store from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Argus raised their price target on shares of Cracker Barrel Old Country Store from $107.00 to $120.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Cracker Barrel Old Country Store in a research note to investors on Thursday, September 19th. They now have a $110.00 price target on the stock, up previously from $101.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $110.26.
Cracker Barrel Old Country Store has a 52-week low of $60.07 and a 52-week high of $104.98. The stock has a 50-day moving average of $99.56 and a 200-day moving average of $90.36. The company has a market cap of $2.580 billion and a P/E ratio of 21.90.
Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 18th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.08. The company had revenue of $674.10 million for the quarter, compared to the consensus estimate of $668.68 million. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store will post $5.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Friday, October 18th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, October 16th.
Cracker Barrel Old Country Store, Inc is principally engaged in the operation and development of the Cracker Barrel Old Country Store concept (NASDAQ:CBRL).
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