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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received an average recommendation of “Reduce” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $35.25.

A number of analysts recently weighed in on the company. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a “strong sell” rating in a report on Wednesday, December 10th. Bank of America cut their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. Argus decreased their target price on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 84,700 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $28.15, for a total value of $2,384,305.00. Following the transaction, the insider directly owned 2,749,000 shares of the company’s stock, valued at $77,384,350. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 381,500 shares of company stock worth $10,258,409. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. GMT Capital Corp raised its holdings in Cracker Barrel Old Country Store by 39.7% during the 2nd quarter. GMT Capital Corp now owns 2,833,700 shares of the restaurant operator’s stock valued at $173,082,000 after buying an additional 805,100 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Cracker Barrel Old Country Store by 19.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock worth $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after acquiring an additional 923,409 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cracker Barrel Old Country Store by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock valued at $32,756,000 after acquiring an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth about $43,930,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Up 1.5%

Shares of NASDAQ CBRL opened at $25.40 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average of $28.97 and a 200-day moving average of $46.09. The firm has a market capitalization of $567.18 million, a price-to-earnings ratio of 33.87 and a beta of 1.24. Cracker Barrel Old Country Store has a 12 month low of $24.85 and a 12 month high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. The business had revenue of $797.19 million during the quarter, compared to analyst estimates of $806.71 million. During the same period in the previous year, the business posted $0.45 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down 5.7% on a year-over-year basis. Sell-side analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 annualized dividend and a yield of 3.9%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 133.33%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.