Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its target price hoisted by equities research analysts at Maxim Group from $165.00 to $170.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price would suggest a potential upside of 10.91% from the company’s current price.
Several other analysts also recently issued reports on CBRL. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Wells Fargo & Co. restated a “market perform” rating and issued a $132.50 price target (down from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. Bank of America Corp. restated a “sell” rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Finally, Telsey Advisory Group cut their target price on Cracker Barrel Old Country Store from $160.00 to $150.00 and set a “market perform” rating for the company in a research report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $159.64.
Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 153.28 on Tuesday. The stock has a 50 day moving average price of $135.17 and a 200-day moving average price of $151.11. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 19.50 and a beta of 0.31. Cracker Barrel Old Country Store has a 52 week low of $118.01 and a 52 week high of $172.89.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Friday, October 14th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.00%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 58.45%.
Institutional investors have recently bought and sold shares of the company. Beacon Financial Group boosted its position in Cracker Barrel Old Country Store by 15.6% in the second quarter. Beacon Financial Group now owns 1,946 shares of the company’s stock worth $333,000 after buying an additional 263 shares during the period. Creative Planning boosted its position in Cracker Barrel Old Country Store by 234.8% in the second quarter. Creative Planning now owns 14,902 shares of the company’s stock worth $2,555,000 after buying an additional 10,451 shares during the period. GW&K Investment Management LLC boosted its position in Cracker Barrel Old Country Store by 6.7% in the second quarter. GW&K Investment Management LLC now owns 152,515 shares of the company’s stock worth $26,152,000 after buying an additional 9,567 shares during the period. BNP Paribas Arbitrage SA boosted its position in Cracker Barrel Old Country Store by 442.2% in the second quarter. BNP Paribas Arbitrage SA now owns 11,962 shares of the company’s stock worth $2,051,000 after buying an additional 9,756 shares during the period. Finally, Hillcrest Asset Management LLC acquired a new position in Cracker Barrel Old Country Store during the first quarter worth approximately $6,365,000. 83.35% of the stock is owned by institutional investors.
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). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked 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.
