BidaskClub lowered shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a report released on Thursday morning.

CBRL has been the topic of several other research reports. Maxim Group downgraded shares of Cracker Barrel Old Country Store from a buy rating to a hold rating and set a $175.00 price objective on the stock. in a report on Tuesday, November 20th. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the company a market perform rating in a research report on Monday, November 26th. ValuEngine lowered Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Wednesday, January 30th. Zacks Investment Research lowered Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Wednesday, January 23rd. Finally, Argus upgraded Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $210.00 target price on the stock in a research report on Thursday, November 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $166.09.

CBRL opened at $155.53 on Thursday. Cracker Barrel Old Country Store has a 52-week low of $141.63 and a 52-week high of $185.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.94. The stock has a market cap of $3.77 billion, a PE ratio of 17.53, a P/E/G ratio of 1.72 and a beta of 0.49.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm had revenue of $811.70 million for the quarter, compared to the consensus estimate of $810.49 million. During the same quarter in the prior year, the company posted $2.73 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Cracker Barrel Old Country Store will post 9.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, April 19th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $5.00 dividend on an annualized basis and a yield of 3.21%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.

In related news, major shareholder Sardar Biglari sold 42,258 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $171.24, for a total value of $7,236,259.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 788,967 shares of company stock worth $133,875,092. 0.88% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Doyle Wealth Management purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth approximately $26,000. Parallel Advisors LLC boosted its position in Cracker Barrel Old Country Store by 318.4% in the 4th quarter. Parallel Advisors LLC now owns 364 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 277 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth approximately $93,000. Fifth Third Bancorp boosted its position in Cracker Barrel Old Country Store by 128.0% in the 3rd quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 384 shares in the last quarter. Finally, IMS Capital Management purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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