Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $77.14 Average PT from Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned a consensus recommendation of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $77.14.

A number of equities research analysts have recently commented on the stock. Citigroup upped their target price on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Truist Financial reduced their target price on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Piper Sandler reduced their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Finally, UBS Group cut their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at about $73,000. Miller Howard Investments Inc. NY purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at about $2,909,000. Nomura Holdings Inc. increased its holdings in Cracker Barrel Old Country Store by 23.0% in the fourth quarter. Nomura Holdings Inc. now owns 56,783 shares of the restaurant operator’s stock valued at $4,377,000 after buying an additional 10,618 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Cracker Barrel Old Country Store by 18.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock valued at $283,000 after buying an additional 582 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $199,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $60.84 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a 1 year low of $56.79 and a 1 year high of $116.05. The company has a market capitalization of $1.35 billion, a PE ratio of 16.22, a P/E/G ratio of 4.19 and a beta of 1.45. The company has a fifty day moving average of $69.25 and a two-hundred day moving average of $71.66.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts expect that Cracker Barrel Old Country Store will post 4.62 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 8.55%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

Cracker Barrel Old Country Store Company Profile

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.