Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $44.00 at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target lifted by Truist Financial from $42.00 to $44.00 in a research note published on Friday, Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

A number of other analysts have also recently commented on the company. Argus cut Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Tuesday, August 6th. Citigroup lowered their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating on the stock in a report on Friday, May 31st. StockNews.com lowered Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Thursday, September 5th. Benchmark upgraded shares of Cracker Barrel Old Country Store to a hold rating in a research report on Monday, June 3rd. Finally, UBS Group cut their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

CBRL opened at $41.57 on Friday. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The business has a fifty day simple moving average of $40.93 and a 200-day simple moving average of $49.84. The firm has a market cap of $922.94 million, a P/E ratio of 15.34, a P/E/G ratio of 0.94 and a beta of 1.42. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 earnings per share. On average, equities analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. boosted its position in Cracker Barrel Old Country Store by 63.7% in the 4th quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 6,925 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $73,000. Duality Advisers LP raised its stake in Cracker Barrel Old Country Store by 196.5% during the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after acquiring an additional 33,751 shares during the period. ProShare Advisors LLC raised its stake in Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after acquiring an additional 306 shares during the period. Finally, Miller Howard Investments Inc. NY bought a new position in Cracker Barrel Old Country Store in the 1st quarter worth about $2,909,000. 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.