Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $164.63.

Several brokerages have recently commented on CBRL. Telsey Advisory Group boosted their price objective on Cracker Barrel Old Country Store from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Gordon Haskett downgraded Cracker Barrel Old Country Store from a “hold” rating to an “underperform” rating in a research report on Wednesday, November 28th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Thursday, November 29th. Zacks Investment Research downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Finally, Wells Fargo & Co boosted their target price on Cracker Barrel Old Country Store from $139.00 to $157.00 and gave the stock a “market perform” rating in a research report on Monday, November 26th.

In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 2,740 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total value of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares in the company, valued at $1,658,675.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sardar Biglari sold 243,718 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $182.26, for a total value of $44,420,042.68. The disclosure for this sale can be found here. Insiders sold 423,899 shares of company stock valued at $76,993,830 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CBRL. Thrivent Financial for Lutherans increased its stake in shares of Cracker Barrel Old Country Store by 5.7% during the third quarter. Thrivent Financial for Lutherans now owns 5,781 shares of the restaurant operator’s stock valued at $851,000 after buying an additional 312 shares during the period. Iberiabank Corp increased its stake in shares of Cracker Barrel Old Country Store by 3.2% during the third quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock valued at $1,741,000 after buying an additional 367 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 8.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock valued at $711,000 after buying an additional 371 shares during the period. Arizona State Retirement System increased its stake in shares of Cracker Barrel Old Country Store by 2.3% during the third quarter. Arizona State Retirement System now owns 17,044 shares of the restaurant operator’s stock valued at $2,508,000 after buying an additional 379 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Cracker Barrel Old Country Store by 128.0% during the third quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Shares of NASDAQ CBRL opened at $174.41 on Friday. Cracker Barrel Old Country Store has a 12 month low of $141.63 and a 12 month high of $185.00. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.27 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, November 27th. The restaurant operator reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.05. Cracker Barrel Old Country Store had a return on equity of 35.18% and a net margin of 8.14%. The company had revenue of $733.50 million during the quarter, compared to analyst estimates of $720.94 million. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Cracker Barrel Old Country Store’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Cracker Barrel Old Country Store will post 8.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Shareholders of record on Friday, January 18th will be given a $1.25 dividend. The ex-dividend date is Thursday, January 17th. This represents a $5.00 annualized dividend and a yield of 2.87%. Cracker Barrel Old Country Store’s payout ratio is currently 56.37%.

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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