Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.1429.

A number of analysts have commented on CBRL shares. Bank of America upped their price target on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday. Truist Financial upped their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $43.88 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $32.72 and a two-hundred day simple moving average of $30.61. The stock has a market cap of $980.72 million, a price-to-earnings ratio of 37.83 and a beta of 1.30. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 earnings per share. On average, analysts expect that Cracker Barrel Old Country Store will post -0.97 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Cracker Barrel Old Country Store’s dividend payout ratio is 86.21%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently made changes to their positions in the business. Axiom Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $28,000. Parvin Asset Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. Parvin Asset Management LLC now owns 16,635 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 1,150 shares during the period. Royal Bank of Canada boosted its stake in shares of Cracker Barrel Old Country Store by 55.0% in the first quarter. Royal Bank of Canada now owns 153,397 shares of the restaurant operator’s stock worth $4,312,000 after acquiring an additional 54,431 shares during the period. Maverick Capital Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $251,000. Finally, Quantinno Capital Management LP bought a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $858,000. Institutional investors own 96.01% of the company’s stock.

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.