Cracker Barrel Old Country Store, Inc. (CBRL) – What Are Analysts Thinking About This Stock?

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

CBRL has been the subject of a number of analyst reports. UBS Group increased their target price on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Weiss Ratings raised Cracker Barrel Old Country Store from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Wells Fargo & Company boosted their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Finally, Zacks Research raised Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th.

Insider Activity

In related news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $52.08, for a total transaction of $182,280.00. Following the completion of the transaction, the senior vice president owned 43,702 shares in the company, valued at $2,276,000.16. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC purchased a new position in Cracker Barrel Old Country Store during the 1st quarter valued at $28,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth about $91,000. PNC Financial Services Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 321 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at about $103,000. Finally, Biglari Capital CORP. bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at about $106,600. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 3.2%

CBRL traded up $2.09 during trading on Friday, hitting $66.95. 549,899 shares of the stock traded hands, compared to its average volume of 780,760. The firm has a market capitalization of $1.50 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.58 and a quick ratio of 0.24. The firm has a 50-day moving average of $59.04 and a 200 day moving average of $44.49. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $73.67.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.82. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. The business had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. During the same quarter last year, the firm earned $0.74 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 12th. Stockholders of record on Friday, October 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Cracker Barrel Old Country Store’s payout ratio is 71.43%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc. operates restaurants that combine casual dining with a retail store. Its restaurants serve Southern-inspired, homestyle meals, including breakfast, lunch and dinner, while its stores sell gifts, home décor, apparel, food products and other merchandise. Founded in 1969 in Lebanon, Tennessee, the company developed its restaurant-and-store format to serve travelers and local customers. Cracker Barrel operates locations across the United States.