Analysts Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Price Target at $48.63

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned an average recommendation of “Reduce” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.75.

Several brokerages have recently commented on CBRL. Piper Sandler reduced their target price on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. UBS Group reduced their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $24.00 and set a “sell” rating on the stock in a research report on Friday, November 21st. Weiss Ratings downgraded shares of Cracker Barrel Old Country Store from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, November 26th. Finally, Bank of America decreased their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a research note on Thursday, September 18th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBRL. Caitong International Asset Management Co. Ltd purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth about $26,000. Brooklyn Investment Group acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $30,000. Assetmark Inc. lifted its position in shares of Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth approximately $37,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 922 shares during the period. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $28.64 on Friday. The stock has a market capitalization of $637.81 million, a P/E ratio of 13.84 and a beta of 1.24. Cracker Barrel Old Country Store has a 12-month low of $25.62 and a 12-month high of $71.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.21. The firm’s 50 day moving average is $35.25 and its 200-day moving average is $50.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The company had revenue of $845.09 million for the quarter. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 48.31%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.