BidaskClub Upgrades Cracker Barrel Old Country Store (CBRL) to Buy

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BidaskClub upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a buy rating in a research report report published on Friday, BidAskClub reports.

A number of other equities research analysts have also recently issued reports on CBRL. ValuEngine cut shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $191.00 target price for the company in a research report on Monday, February 18th. Maxim Group reiterated a hold rating and set a $180.00 target price (up previously from $175.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, February 19th. Wells Fargo & Co dropped their target price on shares of Cracker Barrel Old Country Store from $157.00 to $150.00 and set a market perform rating for the company in a research report on Wednesday, February 27th. Finally, Argus reiterated a buy rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $169.82.

Shares of Cracker Barrel Old Country Store stock opened at $163.70 on Friday. The stock has a market cap of $3.94 billion, a P/E ratio of 18.46, a PEG ratio of 1.89 and a beta of 0.50. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. Cracker Barrel Old Country Store has a 12-month low of $141.63 and a 12-month high of $185.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 26th. The restaurant operator reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.06. The business had revenue of $811.70 million during the quarter, compared to analysts’ expectations of $810.49 million. Cracker Barrel Old Country Store had a net margin of 7.09% and a return on equity of 34.20%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $2.73 EPS. As a group, equities research analysts forecast that Cracker Barrel Old Country Store will post 8.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Friday, April 19th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, April 17th. Cracker Barrel Old Country Store’s payout ratio is presently 56.37%.

In other Cracker Barrel Old Country Store news, major shareholder Sardar Biglari sold 12,130 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $170.02, for a total value of $2,062,342.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC increased its position in Cracker Barrel Old Country Store by 8.3% in the 1st quarter. Advisory Services Network LLC now owns 4,584 shares of the restaurant operator’s stock valued at $741,000 after acquiring an additional 350 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at about $18,878,000. Merit Financial Group LLC increased its position in Cracker Barrel Old Country Store by 14.5% in the 1st quarter. Merit Financial Group LLC now owns 3,574 shares of the restaurant operator’s stock valued at $577,000 after acquiring an additional 452 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Cracker Barrel Old Country Store by 2.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,043 shares of the restaurant operator’s stock valued at $814,000 after acquiring an additional 107 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Cracker Barrel Old Country Store by 54.4% in the 1st quarter. Macquarie Group Ltd. now owns 235,252 shares of the restaurant operator’s stock valued at $38,019,000 after acquiring an additional 82,839 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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