Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Recommendation of “Reduce” by Analysts

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

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, November 15th. UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Piper Sandler upped their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $45,000. Public Employees Retirement System of Ohio boosted its position in Cracker Barrel Old Country Store by 22.4% during the third 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $79,000. Finally, Quest Partners LLC raised its holdings in Cracker Barrel Old Country Store by 14,675.0% in the 2nd quarter. Quest Partners LLC now owns 2,364 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 0.8 %

CBRL stock opened at $57.57 on Thursday. The firm has a market cap of $1.28 billion, a P/E ratio of 31.81, a PEG ratio of 2.15 and a beta of 1.45. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $82.98. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company’s 50-day simple moving average is $52.47 and its 200-day simple moving average is $46.22.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.74%. Cracker Barrel Old Country Store’s dividend payout ratio 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.