Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $55.14 Average PT from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $55.14.

CBRL has been the topic of several research analyst reports. Citigroup restated a “sell” rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. UBS Group reiterated a “neutral” rating and issued a $69.00 target price (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Loop Capital raised their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, June 6th. Finally, Bank of America raised their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, June 6th.

Insider Buying and Selling

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 acquired at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the acquisition, the insider directly owned 2,833,700 shares in the company, valued at $126,383,020. This represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the company. Capital Investment Counsel Inc raised its stake in shares of Cracker Barrel Old Country Store by 53.2% in the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock valued at $1,104,000 after acquiring an additional 9,875 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock valued at $138,142,000 after acquiring an additional 13,305 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Cracker Barrel Old Country Store by 2.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock valued at $34,271,000 after acquiring an additional 16,333 shares in the last quarter. Huntleigh Advisors Inc. bought a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at approximately $248,000. Finally, Jaffetilchin Investment Partners LLC raised its stake in shares of Cracker Barrel Old Country Store by 52,574.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 47,934 shares of the restaurant operator’s stock valued at $2,534,000 after acquiring an additional 47,843 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Down 1.5%

Shares of NASDAQ:CBRL opened at $62.00 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store has a 52-week low of $33.85 and a 52-week high of $71.93. The company has a 50 day moving average of $61.57 and a two-hundred day moving average of $52.40. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.03 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same quarter last year, the company earned $0.88 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts forecast that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. Cracker Barrel Old Country Store’s payout ratio is presently 38.76%.

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.