Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $53.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective boosted by Bank of America from $45.00 to $53.00 in a research note released on Thursday,Benzinga reports. Bank of America currently has an underperform rating on the restaurant operator’s stock.

CBRL has been the subject of a number of other research reports. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Piper Sandler raised their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, November 15th. UBS Group increased their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Loop Capital cut their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $57.25.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of CBRL opened at $50.21 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.55 and a beta of 1.45. The business’s fifty day moving average is $48.34 and its 200-day moving average is $44.57.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 earnings per share. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.9 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 247 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after purchasing an additional 321 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares during the period. CWM LLC increased its position in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Cracker Barrel Old Country Store by 26.3% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 500 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.