Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a strong sell rating to a sell rating in a report released on Saturday morning.

A number of other equities research analysts also recently weighed in on CBRL. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, March 5th. Citigroup lifted their target price on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, March 5th. Truist Financial increased their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Friday, March 27th. Finally, Bank of America dropped their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $27.85 on Friday. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93. The company has a market cap of $622.48 million, a P/E ratio of -154.71 and a beta of 1.24. The firm’s fifty day moving average price is $30.04 and its two-hundred day moving average price is $31.29. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The firm had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same period in the previous year, the company earned $1.38 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Equities analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 3.6%. Cracker Barrel Old Country Store’s payout ratio is presently -555.56%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hussman Strategic Advisors Inc. acquired a new position in Cracker Barrel Old Country Store during the third quarter worth about $2,776,000. TrueMark Investments LLC raised its stake in Cracker Barrel Old Country Store by 1,754.1% during the third quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator’s stock worth $4,667,000 after acquiring an additional 100,212 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Cracker Barrel Old Country Store by 66.7% during the third quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock worth $20,104,000 after acquiring an additional 182,533 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth about $2,355,000. Finally, Jupiter Asset Management Ltd. acquired a new position in Cracker Barrel Old Country Store during the third quarter worth about $2,505,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.