Cracker Barrel (NASDAQ:CBRL) has been given an average rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $158.33.
Several analysts recently commented on CBRL shares. Zacks Investment Research raised shares of Cracker Barrel from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 10th. BidaskClub raised shares of Cracker Barrel from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks reiterated a “hold” rating and issued a $163.00 price objective on shares of Cracker Barrel in a research note on Wednesday, January 3rd. Maxim Group restated a “hold” rating on shares of Cracker Barrel in a research note on Tuesday, February 20th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $175.00 target price (up previously from $170.00) on shares of Cracker Barrel in a research note on Thursday, February 15th.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Cracker Barrel by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,327,076 shares of the restaurant operator’s stock valued at $369,748,000 after purchasing an additional 39,966 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Cracker Barrel by 5.5% in the third quarter. Wells Fargo & Company MN now owns 736,094 shares of the restaurant operator’s stock valued at $111,607,000 after purchasing an additional 38,517 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cracker Barrel by 6.2% in the fourth quarter. Bank of New York Mellon Corp now owns 417,814 shares of the restaurant operator’s stock valued at $66,387,000 after purchasing an additional 24,476 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cracker Barrel by 8.3% in the third quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock valued at $62,997,000 after purchasing an additional 31,884 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Cracker Barrel by 80.8% in the fourth quarter. APG Asset Management N.V. now owns 307,400 shares of the restaurant operator’s stock valued at $40,675,000 after purchasing an additional 137,400 shares in the last quarter. 87.41% of the stock is owned by hedge funds and other institutional investors.
Cracker Barrel (NASDAQ:CBRL) last released its earnings results on Tuesday, February 20th. The restaurant operator reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.42 by $0.31. Cracker Barrel had a net margin of 8.10% and a return on equity of 36.86%. The firm had revenue of $787.70 million for the quarter, compared to the consensus estimate of $787.26 million. During the same period in the prior year, the firm earned $2.19 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. equities analysts anticipate that Cracker Barrel will post 9.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, April 13th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, April 12th. Cracker Barrel’s payout ratio is currently 57.35%.
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Cracker Barrel Company Profile
Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.
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