Loop Capital Cuts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $50.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price lowered by Loop Capital from $72.00 to $50.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

CBRL has been the topic of several other research reports. Bank of America dropped their target price on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an underperform rating on the stock in a research report on Thursday, May 16th. UBS Group lowered their price objective on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a neutral rating for the company in a research report on Wednesday, February 28th. Citigroup lowered their price objective on Cracker Barrel Old Country Store from $61.00 to $48.00 and set a sell rating for the company in a research report on Friday, May 17th. 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 research report on Monday, March 4th. Finally, Truist Financial lowered their price objective on Cracker Barrel Old Country Store from $68.00 to $60.00 and set a hold rating for the company in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of Hold and an average price target of $65.00.

Cracker Barrel Old Country Store Trading Down 0.6 %

Shares of NASDAQ CBRL opened at $46.63 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The business’s 50 day moving average price is $60.92 and its 200-day moving average price is $69.48. Cracker Barrel Old Country Store has a fifty-two week low of $46.22 and a fifty-two week high of $107.85. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.94 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Cracker Barrel Old Country Store will post 4.24 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock worth $176,257,000 after buying an additional 12,128 shares during the last quarter. Earnest Partners LLC boosted its holdings in Cracker Barrel Old Country Store by 0.4% in the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock worth $148,107,000 after buying an additional 7,587 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,922 shares of the restaurant operator’s stock worth $55,337,000 after buying an additional 25,354 shares during the last quarter. Norges Bank acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $10,727,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 25.1% during the 3rd quarter. Victory Capital Management Inc. now owns 130,110 shares of the restaurant operator’s stock worth $8,743,000 after purchasing an additional 26,090 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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.