Truist Financial Forecasts Strong Price Appreciation for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store (NASDAQ:CBRL - Free Report) had its price target lifted by Truist Financial from $44.00 to $48.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a hold rating on the restaurant operator's stock.

Other analysts have also issued research reports about the company. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Bank of America upped their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an "underperform" rating in a report on Friday, September 20th. UBS Group decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, September 19th. Argus downgraded Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $54.57.

Cracker Barrel Old Country Store Trading Up 1.5 %

Shares of NASDAQ CBRL traded up $0.74 during trading on Friday, reaching $48.81. The stock had a trading volume of 790,285 shares, compared to its average volume of 733,693. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The company has a market cap of $1.08 billion, a P/E ratio of 26.53, a PEG ratio of 1.29 and a beta of 1.42. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The business's 50-day moving average price is $45.15 and its 200-day moving average price is $44.97.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.79 earnings per share. On average, equities research analysts predict that Cracker Barrel Old Country Store will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.05%. Cracker Barrel Old Country Store's dividend payout ratio is currently 54.35%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator's stock worth $324,000 after purchasing an additional 306 shares during the last quarter. Comerica Bank increased its holdings in Cracker Barrel Old Country Store by 49.6% in the first quarter. Comerica Bank now owns 12,850 shares of the restaurant operator's stock valued at $935,000 after buying an additional 4,263 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $1,016,000. XTX Topco Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $616,000. Finally, CWM LLC increased its holdings in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator's stock valued at $36,000 after acquiring an additional 419 shares in the last quarter. 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.