Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $62.14 Consensus Price Target from Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus recommendation of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $62.14.

Several research firms recently issued reports on CBRL. CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, May 17th. Loop Capital reduced their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 20th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Finally, Piper Sandler lowered their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 0.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after purchasing an additional 134 shares during the last quarter. HighTower Advisors LLC grew its holdings in Cracker Barrel Old Country Store by 4.4% in the third quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock valued at $394,000 after purchasing an additional 251 shares during the period. Stratos Wealth Advisors LLC increased its position in Cracker Barrel Old Country Store by 7.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Cracker Barrel Old Country Store by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after purchasing an additional 274 shares during the period. Finally, Synovus Financial Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 3.7% in the 3rd quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $41.72 on Friday. The business has a 50 day moving average price of $50.76 and a 200 day moving average price of $64.77. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market cap of $926.18 million, a price-to-earnings ratio of 15.39, a PEG ratio of 0.87 and a beta of 1.46. Cracker Barrel Old Country Store has a fifty-two week low of $40.31 and a fifty-two week high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 3.88 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 191.88%.

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.