Cracker Barrel Old Country Store, Inc. (CBRL) Given Average Recommendation of “Hold” by Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $161.63.

CBRL has been the topic of a number of research reports. SunTrust Banks reaffirmed a “hold” rating and set a $163.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Friday, November 17th. BidaskClub lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Longbow Research lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a report on Wednesday, November 22nd. Finally, Maxim Group reissued a “hold” rating and set a $160.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, November 22nd.

Cracker Barrel Old Country Store (NASDAQ CBRL) opened at $165.03 on Friday. The company has a market cap of $3,968.98, a P/E ratio of 19.91, a PEG ratio of 1.94 and a beta of 0.56. Cracker Barrel Old Country Store has a 1 year low of $141.75 and a 1 year high of $179.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.42 and a current ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.06. The business had revenue of $710.40 million for the quarter, compared to analyst estimates of $718.85 million. Cracker Barrel Old Country Store had a net margin of 6.83% and a return on equity of 35.14%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. research analysts anticipate that Cracker Barrel Old Country Store will post 9.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Friday, January 12th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, January 11th. Cracker Barrel Old Country Store’s payout ratio is 57.90%.

Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its stake in Cracker Barrel Old Country Store by 24.2% in the fourth quarter. Baird Financial Group Inc. now owns 9,895 shares of the restaurant operator’s stock valued at $1,572,000 after acquiring an additional 1,931 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $299,000. UBS Asset Management Americas Inc. boosted its stake in Cracker Barrel Old Country Store by 5.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,574 shares of the restaurant operator’s stock valued at $2,157,000 after acquiring an additional 687 shares in the last quarter. Waratah Capital Advisors Ltd. boosted its stake in Cracker Barrel Old Country Store by 25.3% in the fourth quarter. Waratah Capital Advisors Ltd. now owns 47,692 shares of the restaurant operator’s stock valued at $7,578,000 after acquiring an additional 9,629 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Cracker Barrel Old Country Store by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,327,076 shares of the restaurant operator’s stock valued at $369,748,000 after acquiring an additional 39,966 shares in the last quarter. 89.39% of the stock is currently owned by institutional investors.

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Cracker Barrel Old Country Store Company Profile

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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