Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.13 Consensus Price Target from Brokerages

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

A number of research analysts have weighed in on CBRL shares. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Loop Capital decreased 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 note on Friday, March 7th. Citigroup increased their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a research note on Friday, March 7th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Finally, Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the stock from $51.00 to $55.00 in a research note on Monday, March 10th.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp acquired 26,500 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average price of $43.05 per share, for a total transaction of $1,140,825.00. Following the completion of the purchase, the insider now directly owns 2,542,300 shares of the company's stock, valued at approximately $109,446,015. This trade represents a 1.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have acquired 164,200 shares of company stock valued at $6,133,329. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC bought a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $213,000. Public Employees Retirement System of Ohio boosted its stake in 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 worth $61,000 after purchasing an additional 247 shares during the period. Franklin Resources Inc. boosted its stake in Cracker Barrel Old Country Store by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock worth $280,000 after purchasing an additional 1,498 shares during the period. GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after purchasing an additional 1,394 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 63.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,999 shares of the restaurant operator's stock worth $951,000 after purchasing an additional 6,993 shares during the period. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded up $1.41 during trading on Friday, reaching $45.95. 85,449 shares of the company's stock traded hands, compared to its average volume of 824,387. The firm has a market cap of $1.02 billion, a PE ratio of 25.39, a P/E/G ratio of 8.36 and a beta of 1.39. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a 50-day simple moving average of $42.10 and a 200-day simple moving average of $48.93. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is presently 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.