Cracker Barrel Old Country Store (NASDAQ:CBRL) Downgraded by BidaskClub

BidaskClub cut shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a strong sell rating in a report issued on Wednesday morning, BidAskClub reports.

Other research analysts have also issued research reports about the company. Maxim Group reiterated a buy rating and set a $195.00 price target on shares of Cracker Barrel Old Country Store in a report on Tuesday, October 15th. ValuEngine upgraded shares of Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Tuesday, October 15th. MKM Partners began coverage on shares of Cracker Barrel Old Country Store in a report on Thursday, September 26th. They issued a neutral rating and a $160.00 price objective on the stock. Argus lowered shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a report on Tuesday, December 3rd. Finally, CL King began coverage on shares of Cracker Barrel Old Country Store in a report on Monday, December 23rd. They issued a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $173.33.

Shares of NASDAQ CBRL traded up $0.84 during trading on Wednesday, hitting $159.55. 241,659 shares of the company were exchanged, compared to its average volume of 345,224. Cracker Barrel Old Country Store has a 12-month low of $149.50 and a 12-month high of $180.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.24 and a current ratio of 0.66. The company has a fifty day moving average price of $156.01 and a 200-day moving average price of $162.11. The firm has a market capitalization of $3.79 billion, a PE ratio of 17.53, a P/E/G ratio of 15.21 and a beta of 0.54.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Tuesday, November 26th. The restaurant operator reported $1.79 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.21). Cracker Barrel Old Country Store had a return on equity of 36.68% and a net margin of 7.11%. The company had revenue of $749.04 million for the quarter, compared to analysts’ expectations of $754.34 million. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that Cracker Barrel Old Country Store will post 9.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.20 annualized dividend and a yield of 3.26%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.09%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Manchester Financial Inc. purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $39,000. CWM LLC increased its stake in Cracker Barrel Old Country Store by 1,605.3% during the third quarter. CWM LLC now owns 324 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 305 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in Cracker Barrel Old Country Store during the second quarter worth about $74,000. Trustcore Financial Services LLC increased its stake in Cracker Barrel Old Country Store by 32.2% during the third quarter. Trustcore Financial Services LLC now owns 767 shares of the restaurant operator’s stock worth $125,000 after purchasing an additional 187 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Cracker Barrel Old Country Store during the third quarter worth about $202,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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