Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of "Reduce" by Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has earned an average rating of "Reduce" from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities 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 12-month price objective among brokers that have issued a report on the stock in the last year is $57.25.

A number of equities analysts recently commented on the company. Truist Financial raised their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, November 15th. Piper Sandler lifted 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. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price objective for the company in a research note on Monday, November 18th. Loop Capital raised their target price 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. Finally, UBS Group increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after buying an additional 1,394 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 30.3% in the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator's stock valued at $280,000 after purchasing an additional 1,498 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 valued at $61,000 after purchasing an additional 247 shares in the last quarter. MML Investors Services LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter worth $213,000. Finally, iSAM Funds UK Ltd purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at $238,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL traded up $1.02 during midday trading on Thursday, hitting $57.28. 1,050,394 shares of the company's stock traded hands, compared to its average volume of 802,219. The firm has a fifty day moving average of $51.72 and a 200 day moving average of $45.77. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $82.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store's payout ratio 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.