Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $60.00 at UBS Group

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective lifted by UBS Group from $42.00 to $60.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

CBRL has been the topic of several other reports. Piper Sandler upped their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 18th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.25.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $51.06 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The firm’s fifty day moving average price is $48.27 and its two-hundred day moving average price is $44.57. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51. The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results 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). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same period last year, the company posted $1.79 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Cracker Barrel Old Country Store will post 2.96 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake 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. grew its stake in Cracker Barrel Old Country Store by 0.3% during the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares in the last quarter. CWM LLC grew its stake in Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares in the last quarter. Finally, nVerses Capital LLC grew its stake in Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after buying an additional 500 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.