Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been given an average rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $57.13.

Several research firms have issued reports on CBRL. Citigroup lifted their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a “sell” rating in a report on Friday, March 7th. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and increased their price objective for the company from $51.00 to $55.00 in a research note on Monday, March 10th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Finally, Loop Capital cut 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.

Insider Activity

In related news, major shareholder Gmt Capital Corp acquired 26,500 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, April 16th. The stock was acquired at an average price of $43.05 per share, for a total transaction of $1,140,825.00. Following the transaction, the insider now directly owns 2,542,300 shares of the company’s stock, valued at $109,446,015. This trade represents a 1.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders purchased 164,200 shares of company stock valued at $6,133,329. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 worth $138,142,000 after acquiring an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after purchasing an additional 106,440 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after purchasing an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock valued at $34,271,000 after buying an additional 16,333 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cracker Barrel Old Country Store by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock worth $18,584,000 after buying an additional 50,905 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Up 3.3 %

Shares of NASDAQ CBRL opened at $43.57 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a 1 year low of $33.86 and a 1 year high of $65.43. The stock’s 50-day simple moving average is $42.30 and its 200-day simple moving average is $48.95. The firm has a market cap of $970.00 million, a price-to-earnings ratio of 24.07, a PEG ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Cracker Barrel Old Country Store’s payout ratio is currently 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.