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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $42.1429.

A number of equities research analysts recently issued reports on CBRL shares. Argus boosted their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Wells Fargo & Company upgraded shares of Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $35.00 to $50.00 in a research report on Wednesday, June 10th. Bank of America lifted their target price on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a research note on Monday, June 15th. Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the stock. Maxi Investments CY Ltd bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $1,168,000. UBS Group AG raised its stake in shares of Cracker Barrel Old Country Store by 50.3% during the 4th quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock valued at $7,422,000 after purchasing an additional 97,761 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Cracker Barrel Old Country Store by 173.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after purchasing an additional 98,686 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Cracker Barrel Old Country Store by 262.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock worth $3,806,000 after purchasing an additional 108,533 shares in the last quarter. Finally, GFS Advisors LLC purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter worth about $508,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $50.42 on Monday. The company has a market capitalization of $1.13 billion, a P/E ratio of 43.47 and a beta of 1.20. The business has a fifty day simple moving average of $39.74 and a two-hundred day simple moving average of $33.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year 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, beating analysts’ consensus estimates of ($0.45) by $0.74. The firm had revenue of $797.37 million for 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 revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts expect that Cracker Barrel Old Country Store will post -0.83 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is currently 86.21%.

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.