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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Reduce” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $77.14.

A number of research analysts have issued reports on the stock. UBS Group reduced their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Finally, Piper Sandler dropped their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th.

Cracker Barrel Old Country Store Trading Up 2.8 %

Cracker Barrel Old Country Store stock opened at $60.84 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $69.25 and a two-hundred day moving average price of $71.66. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 4.19 and a beta of 1.45. Cracker Barrel Old Country Store has a 52-week low of $56.79 and a 52-week high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. Sell-side analysts expect that Cracker Barrel Old Country Store will post 4.62 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.55%. Cracker Barrel Old Country Store’s payout ratio is currently 138.67%.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Wealth Management LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $32,000. Itau Unibanco Holding S.A. bought a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth approximately $34,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 91.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 275 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $54,000. 96.01% of the stock is currently owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.