Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of “Hold” from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $52.43.

A number of research analysts have weighed in on CBRL shares. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Loop Capital cut their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, March 7th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $55.00 in a research note on Monday, March 10th.

Insider Activity

In other news, major shareholder Gmt Capital Corp bought 26,500 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average cost of $43.05 per share, for a total transaction of $1,140,825.00. Following the acquisition, the insider now directly owns 2,542,300 shares of the company’s stock, valued at $109,446,015. The trade was a 1.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders bought 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in CBRL. Cibc World Market Inc. purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after acquiring an additional 106,440 shares during the period. Good Life Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $404,000. Vanguard Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock valued at $138,142,000 after purchasing an additional 13,305 shares during the period. Finally, Total Clarity Wealth Management Inc. acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth $256,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $57.18 on Wednesday. The stock has a market capitalization of $1.27 billion, a PE ratio of 31.59, a P/E/G ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a fifty day moving average of $42.77 and a two-hundred day moving average of $48.93. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

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.