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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been given an average rating of "Reduce" by the nine brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $57.25.

Several brokerages have weighed in on CBRL. Piper Sandler lifted their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Bank of America lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, December 5th. Loop Capital boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a "hold" rating in a research note on Friday, November 15th. Finally, StockNews.com downgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake 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 valued at $61,000 after purchasing an additional 247 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of 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 valued at $4,536,000 after buying an additional 321 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock worth $25,000 after buying an additional 400 shares in the last quarter. CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator's stock worth $36,000 after buying an additional 419 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in Cracker Barrel Old Country Store by 26.3% in the third 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. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock traded down $0.03 during trading on Friday, reaching $51.24. The company's stock had a trading volume of 580,880 shares, compared to its average volume of 739,661. The company has a 50-day moving average price of $48.81 and a two-hundred day moving average price of $44.75. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The firm has a market cap of $1.14 billion, a PE ratio of 28.31, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Cracker Barrel Old Country Store will post 2.82 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store's payout ratio is 55.25%.

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.