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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been given a consensus recommendation of "Reduce" by the nine brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.57.

CBRL has been the topic of a number of research analyst reports. Loop Capital lowered 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 research report on Friday, September 20th. Argus downgraded shares of Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Bank of America increased their price objective 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. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday, September 20th.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. grew its position in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC boosted its position in shares of 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. Future Financial Wealth Managment LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $45,000. GAMMA Investing LLC raised its position in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator's stock worth $54,000 after purchasing an additional 1,051 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator's stock worth $80,000 after purchasing an additional 1,500 shares during the period. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Trading Down 2.4 %

Cracker Barrel Old Country Store stock traded down $1.14 during midday trading on Friday, reaching $47.28. The stock had a trading volume of 562,563 shares, compared to its average volume of 741,150. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.23 and a beta of 1.43. The firm's fifty day simple moving average is $42.83 and its two-hundred day simple moving average is $46.10.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.79 EPS. Equities analysts anticipate that Cracker Barrel Old Country Store will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.12%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 36.90%.

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.