Cracker Barrel Old Country Store (NASDAQ:CBRL) PT Raised to $42.00 at Bank of America

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Bank of America from $40.00 to $42.00 in a research report released on Friday morning, Benzinga reports. They currently have an underperform rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a hold rating on the stock in a report on Friday. Argus cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, August 6th. Citigroup lowered their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating for the company in a research report on Friday, May 31st. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a hold rating in a report on Friday. Finally, Benchmark raised Cracker Barrel Old Country Store to a hold rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $53.57.

Cracker Barrel Old Country Store Trading Down 1.6 %

Shares of CBRL stock opened at $40.89 on Friday. The business has a 50-day moving average of $40.91 and a 200 day moving average of $49.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $83.51. The stock has a market capitalization of $907.84 million, a PE ratio of 15.09, a P/E/G ratio of 0.94 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period last year, the company posted $1.79 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store will post 3.83 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is presently 36.90%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after buying an additional 274 shares in the last quarter. ProShare Advisors LLC lifted its position in Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 306 shares during the period. Principal Financial Group Inc. boosted its stake in Cracker Barrel Old Country Store by 0.3% during the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after acquiring an additional 381 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the period. Finally, CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other 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.