Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of “Hold” from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $57.13.

Several research analysts have recently commented on CBRL shares. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Piper Sandler upped their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their target price for the company from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Citigroup upped their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth $56,000. Public Employees Retirement System of Ohio lifted its position in 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cracker Barrel Old Country Store in the third quarter valued at $79,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $40.02 on Tuesday. The stock’s 50-day moving average price is $49.24 and its 200 day moving average price is $49.32. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $73.20. The firm has a market cap of $890.97 million, a price-to-earnings ratio of 22.11, a PEG ratio of 8.36 and a beta of 1.57. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.50%. Cracker Barrel Old Country Store’s payout ratio is currently 62.11%.

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.