Cracker Barrel Old Country Store (NASDAQ:CBRL) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL - Free Report) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have $55.00 price target on the restaurant operator's stock, up from their prior price target of $51.00.

CBRL has been the subject of a number of other reports. Piper Sandler raised their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a report on Thursday, December 5th. Argus upgraded 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 research note on Monday, November 18th. Finally, UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $57.13.

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Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL traded down $2.92 during trading hours on Monday, reaching $40.87. 1,045,800 shares of the company were exchanged, compared to its average volume of 854,789. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $909.89 million, a P/E ratio of 22.58, a P/E/G ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $74.21. The business's 50 day simple moving average is $53.14 and its 200-day simple moving average is $49.19.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is 62.11%.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently modified their holdings of CBRL. Sterling Capital Management LLC increased its position in shares of Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth $56,000. Public Employees Retirement System of Ohio grew its stake in shares of Cracker Barrel Old Country Store by 22.4% during 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 buying an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at about $79,000. Institutional investors own 96.01% of the company's stock.

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.