Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Lowered to $136.00 at Truist

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target cut by Truist from $148.00 to $136.00 in a research report released on Wednesday, The Fly reports.

CBRL has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Cracker Barrel Old Country Store from $137.00 to $139.00 and gave the stock an underweight rating in a report on Wednesday, September 22nd. Loop Capital initiated coverage on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 13th. They set a hold rating and a $140.00 price objective on the stock. TheStreet lowered shares of Cracker Barrel Old Country Store from a b rating to a c+ rating in a report on Friday, December 31st. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a hold rating to a strong sell rating and set a $123.00 price objective on the stock. in a report on Friday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a buy rating and set a $140.00 price objective on shares of Cracker Barrel Old Country Store in a report on Friday, December 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $147.20.

Shares of NASDAQ:CBRL opened at $129.15 on Wednesday. The firm has a 50 day moving average of $131.52 and a 200 day moving average of $136.66. The company has a quick ratio of 0.44, a current ratio of 0.79 and a debt-to-equity ratio of 0.60. Cracker Barrel Old Country Store has a 52 week low of $117.10 and a 52 week high of $178.82. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.24 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 23rd. The restaurant operator reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.03). Cracker Barrel Old Country Store had a return on equity of 22.21% and a net margin of 3.96%. The firm had revenue of $784.90 million during the quarter, compared to analysts’ expectations of $768.67 million. During the same period in the prior year, the firm posted $0.69 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 7.3 EPS for the current year.

Cracker Barrel Old Country Store announced that its board has approved a stock repurchase plan on Tuesday, September 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 14th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, January 13th. Cracker Barrel Old Country Store’s payout ratio is 105.26%.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 1.1% in the second quarter. Vanguard Group Inc. now owns 2,261,613 shares of the restaurant operator’s stock valued at $335,759,000 after purchasing an additional 25,217 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Cracker Barrel Old Country Store by 6.3% in the third quarter. Macquarie Group Ltd. now owns 931,733 shares of the restaurant operator’s stock worth $130,293,000 after acquiring an additional 55,069 shares during the period. State Street Corp raised its position in shares of Cracker Barrel Old Country Store by 1.3% in the second quarter. State Street Corp now owns 739,122 shares of the restaurant operator’s stock worth $109,730,000 after acquiring an additional 9,834 shares during the period. American Century Companies Inc. raised its position in shares of Cracker Barrel Old Country Store by 818.2% in the third quarter. American Century Companies Inc. now owns 568,654 shares of the restaurant operator’s stock worth $79,521,000 after acquiring an additional 506,721 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Cracker Barrel Old Country Store by 9.7% in the third quarter. Dimensional Fund Advisors LP now owns 475,688 shares of the restaurant operator’s stock worth $66,524,000 after acquiring an additional 42,081 shares during the period. 83.59% of the stock is currently owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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