Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $46.00 Price Target at Piper Sandler

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price increased by Piper Sandler from $44.00 to $46.00 in a report issued on Monday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

Several other research firms have also commented on CBRL. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday. Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a report on Friday. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $48.42 on Monday. The firm has a 50-day moving average of $45.40 and a 200-day moving average of $44.73. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The stock has a market cap of $1.08 billion, a PE ratio of 26.75, a P/E/G ratio of 1.40 and a beta of 1.42. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter last year, the firm earned $1.79 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

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

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently modified their holdings of CBRL. Hazlett Burt & Watson Inc. raised its stake in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC lifted its position in Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 419 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $45,000. GAMMA Investing LLC raised its position in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.