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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has earned a consensus rating of "Reduce" from the nine research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.63.

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Loop Capital boosted their price objective on 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 target 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. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Finally, Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a research note on Monday, November 18th.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL traded down $2.48 during trading hours on Monday, reaching $57.50. The company's stock had a trading volume of 983,466 shares, compared to its average volume of 671,293. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 10.38 and a beta of 1.48. The company's 50-day moving average is $56.42 and its two-hundred day moving average is $48.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $80.77.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. AQR Capital Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 57.1% during the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator's stock worth $2,624,000 after buying an additional 22,658 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cracker Barrel Old Country Store by 5.7% during the 2nd 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 in the last quarter. Creative Planning increased its position in shares of Cracker Barrel Old Country Store by 6.8% in the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator's stock valued at $533,000 after purchasing an additional 804 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $220,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $279,000. Institutional investors and hedge funds own 96.01% of the company's stock.

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.