Truist Financial Boosts Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target to $44.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target hoisted by Truist Financial from $42.00 to $44.00 in a report released on Friday, Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

Several other analysts also recently commented on the stock. Citigroup reduced their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating for the company in a report on Friday, May 31st. UBS Group dropped 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 report on Thursday, September 19th. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a hold rating on the stock in a research report on Friday. Bank of America reduced their target price on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an underperform rating for the company in a research report on Wednesday, July 17th. Finally, StockNews.com lowered shares of Cracker Barrel Old Country Store from a hold rating to a sell rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $40.89 on Friday. The firm has a market capitalization of $907.84 million, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $40.91 and its two-hundred day moving average price is $49.64. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share. As a group, research analysts anticipate that Cracker Barrel Old Country Store will post 3.83 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. increased its stake in shares of Cracker Barrel Old Country Store by 63.7% in the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 6,925 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $73,000. Duality Advisers LP raised its stake in shares of Cracker Barrel Old Country Store by 196.5% during the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after acquiring an additional 33,751 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after purchasing an additional 306 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth $2,909,000. 96.01% of the stock is currently owned by institutional investors.

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.