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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned an average rating of “Hold” from the thirteen analysts 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, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.75.

A number of research analysts recently commented on CBRL shares. UBS Group upped their price target on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company increased their target price on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $35,000. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. PNC Financial Services Group Inc. grew its position in shares of Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 321 shares in the last quarter. Finally, CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 85.1% during the 4th quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 1,078 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 1.9%

Shares of CBRL opened at $32.39 on Friday. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93. The firm has a market cap of $723.92 million, a P/E ratio of -179.93 and a beta of 1.29. The firm’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $29.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The business had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. During the same quarter in the prior year, the business earned $1.38 EPS. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts forecast that Cracker Barrel Old Country Store will post -1.07 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, April 10th. Cracker Barrel Old Country Store’s dividend payout ratio is presently -555.56%.

About Cracker Barrel Old Country Store

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.