Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of "Reduce" from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have been assigned a consensus rating of "Reduce" from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $57.63.

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Piper Sandler boosted their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Loop Capital lifted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. UBS Group increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Finally, Bank of America lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research report on Thursday, December 5th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in 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 purchasing an additional 247 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock worth $4,536,000 after acquiring an additional 321 shares during the last quarter. nVerses Capital LLC increased its position in Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator's stock valued at $109,000 after acquiring an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Cracker Barrel Old Country Store by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator's stock worth $480,000 after acquiring an additional 618 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Cracker Barrel Old Country Store by 6.8% during the second quarter. Creative Planning now owns 12,646 shares of the restaurant operator's stock worth $533,000 after purchasing an additional 804 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL traded up $0.07 during midday trading on Monday, hitting $59.98. The company had a trading volume of 436,093 shares, compared to its average volume of 726,496. The firm has a fifty day simple moving average of $56.38 and a two-hundred day simple moving average of $48.32. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $80.77. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 11.25 and a beta of 1.48.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 55.25%.

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.