Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $46.00

Cracker Barrel Old Country Store (NASDAQ:CBRL - Free Report) had its price objective upped by Piper Sandler from $44.00 to $46.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the restaurant operator's stock.

Other research analysts have also recently issued reports about the stock. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an "underperform" rating in a report on Friday. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target for the company in a research note on Monday. UBS Group reduced their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, September 19th. Loop Capital dropped their price objective 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. Finally, Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a "hold" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.25.

Cracker Barrel Old Country Store Stock Down 0.8 %

Shares of CBRL traded down $0.39 during trading hours on Monday, hitting $48.42. The company had a trading volume of 673,510 shares, compared to its average volume of 733,423. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.40 and a beta of 1.42. The firm has a fifty day moving average price of $45.40 and a 200-day moving average price of $44.73. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) 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 analysts' expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. On average, equities research analysts forecast that Cracker Barrel Old Country Store will post 2.97 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. Cracker Barrel Old Country Store's payout ratio is presently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings 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 in the last quarter. MML Investors Services LLC bought a new stake in shares of Cracker Barrel Old Country Store in the third quarter worth about $213,000. iSAM Funds UK Ltd bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $238,000. Point72 DIFC Ltd purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $264,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $2,526,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.