Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Has Consensus Target Price of $50.86 According to Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $50.86.

A number of equities research analysts recently weighed in on CBRL shares. Zacks Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Wells Fargo & Company raised their target price on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Bank of America restated an “underperform” rating and issued a $48.00 target price on shares of Cracker Barrel Old Country Store in a research note on Thursday. Citigroup upped their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a report on Friday. Finally, UBS Group increased their price target on Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, September 21st.

Cracker Barrel Old Country Store Trading Up 3.7%

NASDAQ:CBRL opened at $53.73 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.20 billion, a PE ratio of 38.38, a P/E/G ratio of 0.93 and a beta of 1.19. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $60.26. The business’s 50 day moving average is $53.82 and its two-hundred day moving average is $42.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.82. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%.The firm had revenue of $849.34 million for the quarter, compared to analysts’ expectations of $834.57 million. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store will post 1.29 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Friday, October 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 71.43%.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently modified their holdings of CBRL. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the second quarter worth $11,152,000. Meros Investment Management LP bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at about $8,492,076. Bank of New York Mellon Corp bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at about $7,444,000. Commonwealth Equity Services LLC lifted its holdings in Cracker Barrel Old Country Store by 262.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock worth $3,806,000 after purchasing an additional 108,533 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in Cracker Barrel Old Country Store by 173.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock worth $3,950,000 after purchasing an additional 98,686 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.