Analysts Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Price Target at $37.75

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $37.75.

Several brokerages recently commented on CBRL. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. UBS Group increased their price objective on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Truist Financial boosted their target price on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th.

Cracker Barrel Old Country Store Stock Up 2.0%

NASDAQ:CBRL opened at $28.99 on Friday. The firm’s 50-day moving average price is $30.12 and its 200-day moving average price is $31.70. The company has a market capitalization of $647.93 million, a PE ratio of -161.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.35. The firm had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 EPS. On average, equities analysts predict that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, April 10th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently -555.56%.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently made changes to their positions in the stock. GMT Capital Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 39.7% during the 2nd quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after acquiring an additional 805,100 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Cracker Barrel Old Country Store by 19.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after acquiring an additional 923,409 shares during the last quarter. State Street Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 1.1% during the 4th quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock valued at $22,174,000 after acquiring an additional 9,332 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cracker Barrel Old Country Store by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock valued at $32,756,000 after acquiring an additional 15,661 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.