Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus recommendation of “Reduce” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.75.

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Gordon Haskett raised shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Citigroup increased their price objective on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, March 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $27.99 on Tuesday. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93. The company has a market cap of $625.58 million, a price-to-earnings ratio of -155.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a 50 day simple moving average of $31.27 and a 200 day simple moving average of $34.82.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. The business had revenue of $874.82 million for the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. Research analysts predict that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th will be given a $0.25 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s payout ratio is -555.56%.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of the company’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $25.56, for a total transaction of $1,083,744.00. Following the sale, the insider owned 2,240,200 shares of the company’s stock, valued at approximately $57,259,512. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 169,600 shares of company stock valued at $4,413,416 in the last quarter. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently added to or reduced their stakes in the business. Parvin Asset Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 4.4% during the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock valued at $507,000 after acquiring an additional 350 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cracker Barrel Old Country Store by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock valued at $349,000 after purchasing an additional 389 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Cracker Barrel Old Country Store by 16.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $71,000 after buying an additional 400 shares during the last quarter. Assetmark Inc. raised its holdings in Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 419 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Cracker Barrel Old Country Store by 7.2% in the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock valued at $276,000 after buying an additional 419 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.