Argus Issues Pessimistic Forecast for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target decreased by Argus from $62.00 to $50.00 in a research report report published on Monday,Benzinga reports. Argus currently has a buy rating on the restaurant operator’s stock.

CBRL has been the subject of several other research reports. UBS Group reiterated a “neutral” rating and set a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Citigroup dropped their price target on Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Truist Financial set a $58.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 18th. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Finally, Zacks Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $52.14.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $43.38 on Monday. The company has a 50 day simple moving average of $54.74 and a two-hundred day simple moving average of $52.93. 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 has a market cap of $966.07 million, a P/E ratio of 20.96 and a beta of 1.33. Cracker Barrel Old Country Store has a 1-year low of $33.85 and a 1-year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The firm had revenue of $868.01 million for the quarter, compared to analysts’ expectations of $853.90 million. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. Equities analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 48.31%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently bought and sold shares of the business. GMT Capital Corp bought a new position in Cracker Barrel Old Country Store during the first quarter valued at $78,750,000. Jump Financial LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $389,000. Trexquant Investment LP bought a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $4,795,000. Capital Investment Counsel Inc lifted its holdings in shares of Cracker Barrel Old Country Store by 53.2% in the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock valued at $1,104,000 after acquiring an additional 9,875 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Cracker Barrel Old Country Store in the first quarter worth about $342,000. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.