Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) PT at $42.14

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.1429.

Several research analysts recently commented on the company. Argus boosted their target price on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Bank of America increased their price target on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Weiss Ratings upgraded Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Freedom Capital raised Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $53.61 on Monday. The firm has a 50 day moving average of $41.89 and a two-hundred day moving average of $34.27. The stock has a market capitalization of $1.20 billion, a PE ratio of 46.22 and a beta of 1.20. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, research analysts predict that Cracker Barrel Old Country Store will post -0.83 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is 86.21%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of CBRL. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter worth $26,000. Axiom Investment Management LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Canada Pension Plan Investment Board acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at $37,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

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.