Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.13 Average Target Price from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $57.13.

A number of equities research analysts recently issued reports on CBRL shares. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research report on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Finally, Bank of America raised their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CBRL. Intech Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $222,000. Charles Schwab Investment Management Inc. increased its position in Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after purchasing an additional 111,892 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Cracker Barrel Old Country Store by 74.1% during the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after purchasing an additional 13,040 shares in the last quarter. Blueshift Asset Management LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at $236,000. Finally, Verition Fund Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.0% in the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after buying an additional 78,816 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 3.7 %

CBRL stock opened at $41.32 on Tuesday. The stock has a market cap of $919.91 million, a P/E ratio of 22.83, a P/E/G ratio of 8.36 and a beta of 1.57. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $49.53 and its two-hundred day simple moving average is $49.21. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 2.42%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 62.11%.

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.