Cracker Barrel Old Country Store (NASDAQ:CBRL) Cut to Neutral at CL King

CL King lowered shares of Cracker Barrel Old Country Store (NASDAQ:CBRLFree Report) from a buy rating to a neutral rating in a research note published on Friday, MarketBeat reports. They currently have $90.00 price target on the restaurant operator’s stock.

Several other analysts have also weighed in on the company. Piper Sandler lowered their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a neutral rating for the company in a report on Monday, March 4th. UBS Group dropped their price target on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Citigroup lifted their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a sell rating in a report on Wednesday, February 28th. Bank of America dropped their target price on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an underperform rating on the stock in a report on Thursday, May 16th. Finally, Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $68.00 to $60.00 and set a hold rating for the company in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of Hold and a consensus target price of $65.00.

Check Out Our Latest Stock Report on CBRL

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $48.31 on Friday. Cracker Barrel Old Country Store has a 52 week low of $47.79 and a 52 week high of $111.90. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.07 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 3.60 and a beta of 1.48. The stock has a 50 day moving average of $61.70 and a 200-day moving average of $69.79.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. On average, analysts expect that Cracker Barrel Old Country Store will post 4.45 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be given a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 2.07%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $32,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth approximately $73,000. Security National Bank bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $81,000. Newbridge Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 85.2% during the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock valued at $91,000 after acquiring an additional 575 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Cracker Barrel Old Country Store by 106.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 788 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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