Brokerages Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Target Price at $42.14

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.1429.

A number of equities research analysts have recently commented on CBRL shares. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. UBS Group raised their target price on Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Friday, March 27th. Finally, Bank of America lifted their price objective on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th.

Cracker Barrel Old Country Store Stock Down 2.6%

Cracker Barrel Old Country Store stock opened at $46.12 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 39.76 and a beta of 1.30. Cracker Barrel Old Country Store has a 1-year low of $24.85 and a 1-year high of $71.93. The business has a fifty day moving average price of $33.79 and a 200-day moving average price of $31.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. The firm had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Equities research analysts forecast that Cracker Barrel Old Country Store will post -0.97 EPS 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, August 12th. Stockholders of record on Friday, July 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is currently 86.21%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter worth $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter worth $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $35,000. Finally, PNC Financial Services Group Inc. grew 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 acquiring an additional 321 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.