Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Has Consensus Price Target of $50.86

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $50.86.

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Zacks Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Citigroup raised their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, September 25th. UBS Group lifted their target price on Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Finally, Bank of America reiterated an “underperform” rating and issued a $48.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday, September 24th.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $68.19 on Wednesday. The business has a fifty day simple moving average of $55.97 and a 200-day simple moving average of $42.15. Cracker Barrel Old Country Store has a fifty-two week low of $24.85 and a fifty-two week high of $70.28.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.82. The company had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, equities analysts expect that Cracker Barrel Old Country Store will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $52.08, for a total transaction of $182,280.00. Following the completion of the sale, the senior vice president directly owned 43,702 shares in the company, valued at $2,276,000.16. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Cracker Barrel Old Country Store by 107.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 645 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at about $91,000. PNC Financial Services Group Inc. boosted its position in shares of 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 valued at $50,000 after acquiring an additional 321 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Cracker Barrel Old Country Store in the second quarter valued at about $103,000. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve homestyle, Southern-inspired food, including breakfast, lunch and dinner offerings, along with beverages and seasonal menu items.

The company’s adjoining retail stores sell a range of merchandise, including home décor, apparel, gifts, toys, food products and other items associated with country living and traditional American culture.