Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $162.75.

Several research analysts have recently weighed in on CBRL shares. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Maxim Group restated a “hold” rating and set a $170.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, May 17th. Wells Fargo & Company restated a “market perform” rating and set a $156.00 target price (down previously from $157.50) on shares of Cracker Barrel Old Country Store in a report on Thursday, May 25th. BidaskClub upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Nomura began coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 12th. They set a “neutral” rating and a $162.00 target price for the company.

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Hedge funds have recently made changes to their positions in the stock. FMR LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $13,709,000. Guggenheim Capital LLC boosted its stake in shares of Cracker Barrel Old Country Store by 48.0% in the fourth quarter. Guggenheim Capital LLC now owns 5,301 shares of the restaurant operator’s stock worth $885,000 after buying an additional 1,720 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cracker Barrel Old Country Store by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,120 shares of the restaurant operator’s stock worth $688,000 after buying an additional 380 shares in the last quarter. Norges Bank purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $34,415,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Cracker Barrel Old Country Store by 23.1% in the fourth quarter. Quadrature Capital Ltd now owns 15,881 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 2,981 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Shares of Cracker Barrel Old Country Store (NASDAQ CBRL) traded up 0.68% during midday trading on Tuesday, hitting $158.80. 43,415 shares of the company’s stock were exchanged. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 19.25 and a beta of 0.52. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04. The company has a 50-day moving average of $163.99 and a 200-day moving average of $161.39.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $713.06 million. Cracker Barrel Old Country Store had a net margin of 6.80% and a return on equity of 35.27%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store will post $8.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $4.80 dividend on an annualized basis and a yield of 3.04%. This is a boost from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 58.04%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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