Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Rating of “Reduce” from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $57.25.

A number of equities research analysts recently weighed in on the stock. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, November 18th. Piper Sandler upped their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBRL. Marshall Wace LLP acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $25,636,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after buying an additional 111,892 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $4,498,000. Verition Fund Management LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after acquiring an additional 78,816 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $2,526,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $53.40 on Friday. The firm’s 50 day simple moving average is $49.71 and its two-hundred day simple moving average is $44.94. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $83.51. The company has a market capitalization of $1.19 billion, a P/E ratio of 29.50, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.79 earnings per share. Research analysts expect that Cracker Barrel Old Country Store will post 2.82 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.87%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

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.