BidaskClub cut shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) from a buy rating to a hold rating in a research note released on Sunday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $181.00 target price for the company in a research note on Wednesday. Argus downgraded shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, March 21st. Maxim Group reiterated a hold rating and issued a $170.00 target price on shares of Cracker Barrel Old Country Store in a research note on Wednesday, May 17th. Wells Fargo & Company reiterated a market perform rating and issued a $156.00 target price (down from $157.50) on shares of Cracker Barrel Old Country Store in a research note on Thursday, May 25th. Finally, Instinet started coverage on shares of Cracker Barrel Old Country Store in a research note on Wednesday. They issued a neutral rating and a $162.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $165.78.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down 0.07% during mid-day trading on Friday, hitting $158.71. The company’s stock had a trading volume of 216,474 shares. The stock has a market cap of $3.82 billion, a PE ratio of 19.24 and a beta of 0.52. Cracker Barrel Old Country Store has a 1-year low of $130.15 and a 1-year high of $175.04. The company has a 50-day moving average price of $164.73 and a 200-day moving average price of $162.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.10. The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $713.06 million. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. Cracker Barrel Old Country Store’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Analysts predict that Cracker Barrel Old Country Store will post $8.33 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/07/16/cracker-barrel-old-country-store-inc-cbrl-stock-rating-lowered-by-bidaskclub.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 14th will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 12th. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.02%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 58.04%.

A number of large investors have recently modified their holdings of the company. Neuburgh Advisers LLC increased its stake in shares of Cracker Barrel Old Country Store by 14.0% in the first quarter. Neuburgh Advisers LLC now owns 784 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 96 shares during the period. Quantbot Technologies LP acquired a new stake in Cracker Barrel Old Country Store during the first quarter worth $127,000. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 4.7% in the first quarter. Public Employees Retirement System of Ohio now owns 1,029 shares of the restaurant operator’s stock worth $164,000 after buying an additional 46 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Cracker Barrel Old Country Store by 14.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,078 shares of the restaurant operator’s stock worth $172,000 after buying an additional 132 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Cracker Barrel Old Country Store during the first quarter worth $214,000. Hedge funds and other institutional investors own 89.24% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Receive News & Ratings for Cracker Barrel Old Country Store Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store Inc. and related companies with MarketBeat.com's FREE daily email newsletter.