Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $48.14 Consensus Price Target from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $48.1429.

Several equities research analysts recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. Argus upped their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Finally, Citigroup boosted their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, July 21st.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth $35,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $57.79 on Friday. Cracker Barrel Old Country Store has a 12-month low of $24.85 and a 12-month high of $63.61. The company has a market cap of $1.29 billion, a P/E ratio of 49.82 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $49.12 and a 200 day moving average price of $36.96.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same period last year, the company posted $0.56 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Research analysts anticipate that Cracker Barrel Old Country Store will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Cracker Barrel Old Country Store’s payout ratio is 86.21%.

About Cracker Barrel Old Country Store

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.