Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of “Reduce” by Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received a consensus rating of “Reduce” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.25.

A number of equities analysts have recently commented on CBRL shares. Piper Sandler cut their target price on shares of Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. UBS Group dropped their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 10th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, December 11th. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 42,400 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $26.37, for a total transaction of $1,118,088.00. Following the completion of the sale, the insider directly owned 2,325,000 shares of the company’s stock, valued at $61,310,250. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 296,700 shares of company stock worth $8,070,993 in the last three months. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently bought and sold shares of CBRL. GMT Capital Corp acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth $78,750,000. Alliancebernstein L.P. increased its stake in shares of Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after acquiring an additional 1,117,617 shares during the period. Franklin Resources Inc. raised its holdings in Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at about $43,930,000. Finally, Woodline Partners LP lifted its position in Cracker Barrel Old Country Store by 340.8% in the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock valued at $12,919,000 after purchasing an additional 257,301 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 2.0%

Cracker Barrel Old Country Store stock opened at $26.26 on Thursday. The stock has a 50-day simple moving average of $30.23 and a 200-day simple moving average of $47.14. The company has a market capitalization of $586.27 million, a P/E ratio of 35.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51. Cracker Barrel Old Country Store has a fifty-two week low of $25.25 and a fifty-two week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The company had revenue of $797.19 million for the quarter, compared to analyst estimates of $806.71 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. Cracker Barrel Old Country Store’s payout ratio is presently 133.33%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.