Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Reduce” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received an average recommendation of “Reduce” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $51.25.

A number of equities research analysts have issued reports on CBRL shares. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, November 15th. UBS Group decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Piper Sandler lifted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC grew its position in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $45,000. GAMMA Investing LLC raised its stake in Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $51.95 on Wednesday. The business’s fifty day moving average price is $46.45 and its 200 day moving average price is $44.51. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.15 billion, a PE ratio of 28.70, a P/E/G ratio of 1.37 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.79 earnings per share. On average, sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.96 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were given a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.