Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $37.75 Consensus PT from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus recommendation of “Reduce” by the twelve research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.75.

A number of equities research analysts have commented on CBRL shares. Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research report on Wednesday, December 10th. Bank of America cut their price objective 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. UBS Group boosted 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 report on Thursday, March 5th. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th.

Insiders Place Their Bets

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 42,400 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $25.56, for a total value of $1,083,744.00. Following the sale, the insider owned 2,240,200 shares of the company’s stock, valued at $57,259,512. The trade was a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 169,600 shares of company stock valued at $4,413,416. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parvin Asset Management LLC lifted its stake in Cracker Barrel Old Country Store by 4.4% during the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock worth $507,000 after acquiring an additional 350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Cracker Barrel Old Country Store by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 389 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Cracker Barrel Old Country Store by 16.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 400 shares in the last quarter. Assetmark Inc. increased its stake in Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares during the period. Finally, Arizona State Retirement System increased its stake in Cracker Barrel Old Country Store by 7.2% during the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock worth $276,000 after purchasing an additional 419 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $27.53 on Tuesday. The company’s 50-day moving average is $31.24 and its two-hundred day moving average is $35.16. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The firm has a market capitalization of $615.30 million, a price-to-earnings ratio of -152.94 and a beta of 1.24.

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

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently -555.56%.

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.