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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $48.1429.

Several equities research analysts have commented on CBRL shares. Piper Sandler reiterated a “neutral” rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Citigroup raised their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Argus increased their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL opened at $58.40 on Friday. The stock has a fifty day moving average price of $51.00 and a two-hundred day moving average price of $37.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The firm has a market cap of $1.31 billion, a P/E ratio of 50.35 and a beta of 1.20. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $63.61.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The company had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Research analysts forecast that Cracker Barrel Old Country Store will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 86.21%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter worth $37,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at $26,000. Axiom Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $35,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Cracker Barrel Old Country Store by 22.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 321 shares during the period. 96.01% of the stock is owned by institutional investors.

About Cracker Barrel Old Country Store

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.