Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $37.75 Consensus Target Price from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.75.

A number of brokerages recently commented on CBRL. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Citigroup boosted their price objective on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $29.57 on Wednesday. The firm’s 50 day simple moving average is $29.35 and its 200-day simple moving average is $30.06. The company has a market cap of $660.89 million, a P/E ratio of -164.27 and a beta of 1.29. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. Cracker Barrel Old Country Store has a fifty-two week low of $24.85 and a fifty-two week high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The firm had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts predict that Cracker Barrel Old Country Store will post -1.07 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, April 10th. Cracker Barrel Old Country Store’s payout ratio is currently -555.56%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store in the second quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $51,000. Hilton Head Capital Partners LLC bought a new stake in Cracker Barrel Old Country Store in the fourth quarter worth approximately $35,000. Finally, State of Wyoming bought a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $84,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.