Analysts Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Target Price at $51.25

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has received a consensus recommendation of "Reduce" from the nine brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $51.25.

A number of equities analysts have commented on CBRL shares. Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, September 20th. Argus raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 target price for the company in a report on Monday. Piper Sandler increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a "neutral" rating in a report on Monday. Bank of America boosted their price objective on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an "underperform" rating in a report on Friday, November 15th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Friday, September 20th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of Cracker Barrel Old Country Store by 22.4% in 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 during the last quarter. MML Investors Services LLC acquired a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $213,000. iSAM Funds UK Ltd bought a new position in Cracker Barrel Old Country Store in the third quarter valued at about $238,000. Point72 DIFC Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth about $264,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter worth about $2,526,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded down $0.85 during trading hours on Wednesday, hitting $46.37. 645,074 shares of the company's stock were exchanged, compared to its average volume of 732,000. The stock's 50-day moving average is $45.81 and its 200-day moving average is $44.68. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $83.51. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. As a group, research analysts forecast that Cracker Barrel Old Country Store will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.16%. Cracker Barrel Old Country Store's dividend payout ratio is presently 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.