Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Target Price at $57.13

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been given an average rating of "Hold" by the nine analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $57.13.

CBRL has been the subject of several research reports. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Piper Sandler boosted their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. UBS Group lifted their price target 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. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and upped their price objective for the stock from $51.00 to $55.00 in a research note on Monday, March 10th.

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Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $56,000. Public Employees Retirement System of Ohio raised its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter worth $79,000. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 3.1 %

NASDAQ:CBRL traded down $1.30 during mid-day trading on Tuesday, reaching $40.02. The company's stock had a trading volume of 835,330 shares, compared to its average volume of 811,118. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $74.21. The stock has a fifty day moving average of $49.53 and a 200-day moving average of $49.21. The firm has a market capitalization of $890.97 million, a PE ratio of 22.11, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

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.