Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded at StockNews.com

StockNews.com upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a hold rating in a research report released on Friday.

A number of other brokerages have also recently weighed in on CBRL. Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a hold rating for the company in a research note on Friday. Citigroup decreased their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating for the company in a research note on Friday, May 31st. Benchmark upgraded Cracker Barrel Old Country Store to a hold rating in a research note on Monday, June 3rd. Truist Financial increased their price target on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a hold rating in a research note on Friday. Finally, UBS Group decreased their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

Shares of NASDAQ CBRL opened at $41.57 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock has a market capitalization of $922.94 million, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $83.51. The business has a fifty day moving average price of $40.93 and a 200 day moving average price of $49.84.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 36.90%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 419 shares during the period. GAMMA Investing LLC grew its holdings in Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 1,051 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Cracker Barrel Old Country Store during the first quarter worth about $73,000. Finally, nVerses Capital LLC grew its holdings in Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,500 shares during the period. 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 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.