Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $48.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective raised by Truist Financial from $44.00 to $48.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

CBRL has been the topic of a number of other research reports. Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, September 20th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Loop Capital reduced their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, UBS Group cut their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.25.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL opened at $48.42 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The business’s 50-day moving average price is $45.40 and its two-hundred day moving average price is $44.73. The company has a market capitalization of $1.08 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. Analysts anticipate that Cracker Barrel Old Country Store will post 2.97 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were paid a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after buying an additional 306 shares during the last quarter. Entropy Technologies LP bought a new position in Cracker Barrel Old Country Store during the first quarter worth $411,000. Vanguard Group Inc. raised its stake in Cracker Barrel Old Country Store by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock valued at $190,263,000 after purchasing an additional 6,804 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $838,000. Finally, UniSuper Management Pty Ltd acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter worth $448,000. 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.