ValuEngine upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. SunTrust Banks cut Inflarx from a buy rating to a hold rating and dropped their target price for the stock from $55.00 to $5.00 in a report on Wednesday, June 5th. Maxim Group reissued a buy rating and set a $9.00 price target on shares of Pareteum in a research note on Friday, June 28th. Wells Fargo & Co reissued a buy rating and set a $55.00 price target on shares of Metlife in a research note on Wednesday, June 5th. Finally, Telsey Advisory Group reissued an outperform rating and set a $25.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Cracker Barrel Old Country Store has an average rating of Hold and an average price target of $170.54.

Shares of Cracker Barrel Old Country Store stock opened at $178.53 on Thursday. The stock has a market cap of $4.29 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.98 and a beta of 0.58. The company has a current ratio of 0.99, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $167.64. Cracker Barrel Old Country Store has a one year low of $141.63 and a one year high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, June 4th. The restaurant operator reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.02. The firm had revenue of $739.60 million during the quarter, compared to analysts’ expectations of $735.15 million. Cracker Barrel Old Country Store had a return on equity of 34.36% and a net margin of 7.10%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 EPS. Equities analysts expect that Cracker Barrel Old Country Store will post 9 EPS for the current year.

Cracker Barrel Old Country Store announced that its Board of Directors has initiated a share buyback program on Tuesday, June 4th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the restaurant operator to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a special dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be paid a dividend of $3.00 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, July 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.37%.

In related news, major shareholder Sardar Biglari sold 2,520 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $169.90, for a total transaction of $428,148.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,116,899 shares of company stock valued at $191,482,548 over the last three months. 0.88% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CBRL. Robeco Institutional Asset Management B.V. lifted its stake in shares of Cracker Barrel Old Country Store by 2,122.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 452,822 shares of the restaurant operator’s stock worth $73,182,000 after acquiring an additional 432,447 shares during the last quarter. Two Sigma Advisers LP raised its position in Cracker Barrel Old Country Store by 335.4% during the 4th quarter. Two Sigma Advisers LP now owns 430,942 shares of the restaurant operator’s stock valued at $68,890,000 after purchasing an additional 331,959 shares in the last quarter. Norges Bank bought a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at $30,458,000. Macquarie Group Ltd. bought a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at $24,365,000. Finally, Marshall Wace LLP raised its position in Cracker Barrel Old Country Store by 69.1% during the 1st quarter. Marshall Wace LLP now owns 353,035 shares of the restaurant operator’s stock valued at $57,054,000 after purchasing an additional 144,284 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

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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