Cracker Barrel Old Country Store (NASDAQ:CBRL) Given "Hold" Rating at Benchmark

Benchmark reissued their hold rating on shares of Cracker Barrel Old Country Store (NASDAQ:CBRL - Free Report) in a report released on Monday,Benzinga reports.

CBRL has been the subject of a number of other reports. Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Citigroup increased their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. UBS Group raised their target price on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Piper Sandler upped their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $57.13.

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Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock traded down $2.92 during trading hours on Monday, reaching $40.87. 1,045,800 shares of the company were exchanged, compared to its average volume of 854,789. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $53.14 and a 200 day moving average of $49.19. The firm has a market cap of $909.89 million, a price-to-earnings ratio of 22.58, a PEG ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $74.21.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. Cracker Barrel Old Country Store's dividend payout ratio is presently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after buying an additional 487 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio grew 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 96.01% of the company's stock.

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.