Truist Financial Increases Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $48.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price upped by Truist Financial from $44.00 to $48.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts also recently issued reports on CBRL. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Loop Capital cut their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Bank of America increased their target price on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research report on Friday, September 20th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group cut their target price on shares of 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, September 19th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.57.

Cracker Barrel Old Country Store Trading Up 1.5 %

Cracker Barrel Old Country Store stock traded up $0.74 during midday trading on Friday, reaching $48.81. The stock had a trading volume of 790,288 shares, compared to its average volume of 733,693. The firm’s fifty day simple moving average is $45.15 and its two-hundred day simple moving average is $44.97. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.29 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the business posted $1.79 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 54.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. raised its holdings in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 400 shares during the period. CWM LLC raised its holdings in Cracker Barrel Old Country Store by 96.3% in the 2nd 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. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth $45,000. GAMMA Investing LLC raised its holdings in Cracker Barrel Old Country Store by 447.2% in the 2nd 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. Finally, Public Employees Retirement System of Ohio raised its holdings in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares during the period. Institutional investors own 96.01% of the company’s stock.

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.