Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $35.25 Average Price Target from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus recommendation of “Reduce” from the twelve research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $35.25.

A number of research firms recently weighed in on CBRL. UBS Group decreased their target price on shares of Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. Wells Fargo & Company decreased their price objective on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, December 10th. Bank of America reduced their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 20th. Finally, Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 84,700 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $28.15, for a total transaction of $2,384,305.00. Following the transaction, the insider directly owned 2,749,000 shares in the company, valued at $77,384,350. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 339,100 shares of company stock worth $9,174,665. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 922 shares during the period. Hsbc Holdings PLC bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $876,000. AlphaQuest LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $122,000. Jump Financial LLC bought a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $389,000. Finally, Comerica Bank lifted its holdings in Cracker Barrel Old Country Store by 7.8% during the 1st quarter. Comerica Bank now owns 16,018 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 1,154 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 2.4%

NASDAQ CBRL opened at $25.33 on Thursday. Cracker Barrel Old Country Store has a 52 week low of $25.20 and a 52 week high of $71.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51. The stock’s 50 day moving average price is $29.45 and its two-hundred day moving average price is $46.43. The stock has a market capitalization of $565.62 million, a price-to-earnings ratio of 33.77 and a beta of 1.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.04. The company had revenue of $797.19 million during the quarter, compared to analysts’ expectations of $806.71 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, analysts anticipate that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 133.33%.

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.