Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Recommendation of “Hold” by Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.43.

A number of equities analysts have recently weighed in on the company. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Loop Capital dropped their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and upped their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Finally, Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th.

Cracker Barrel Old Country Store Stock Up 0.9%

Cracker Barrel Old Country Store stock opened at $56.05 on Wednesday. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm’s 50-day simple moving average is $43.31 and its 200 day simple moving average is $49.04. The stock has a market cap of $1.25 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the transaction, the insider now directly owns 2,833,700 shares of the company’s stock, valued at approximately $126,383,020. This trade represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 385,307 shares of company stock worth $15,679,910 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in Cracker Barrel Old Country Store during the first quarter worth about $25,000. Sterling Capital Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 487 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $30,000. Meeder Asset Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the first quarter worth about $45,000. Finally, Russell Investments Group Ltd. increased its position in shares of Cracker Barrel Old Country Store by 360.2% in 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 last quarter. Hedge funds and other institutional investors own 96.01% 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 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.