Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Hold” from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $50.86.

A number of analysts recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Citigroup upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, September 25th. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Bank of America reiterated an “underperform” rating and set a $48.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 24th. Finally, UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, September 21st.

Institutional Trading of Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in CBRL. Quantinno Capital Management LP acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $858,000. Biglari Sardar purchased a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $3,685,215. Jupiter Asset Management Ltd. boosted its position in Cracker Barrel Old Country Store by 173.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after buying an additional 98,686 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $1,639,000. Finally, Fifth Third Bancorp increased its holdings in Cracker Barrel Old Country Store by 5,188.7% in the 1st quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator’s stock worth $827,000 after buying an additional 28,849 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 0.3%

Cracker Barrel Old Country Store stock opened at $52.62 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.24 and a current ratio of 0.58. The stock has a market cap of $1.18 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The stock has a 50-day moving average of $53.78 and a two-hundred day moving average of $42.80. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $60.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.82. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%.The business had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Cracker Barrel Old Country Store will post 1.18 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Friday, October 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Cracker Barrel Old Country Store’s payout ratio is currently 71.43%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company’s adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel’s locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.