Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $42.14 Consensus Target Price from Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.1429.

Several research analysts have recently weighed in on CBRL shares. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. UBS Group upped their price target on shares of Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Citigroup upped their price target on shares of Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a report on Wednesday, June 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th.

Cracker Barrel Old Country Store Trading Up 4.1%

Shares of CBRL stock opened at $48.38 on Thursday. The company’s fifty day simple moving average is $34.56 and its two-hundred day simple moving average is $31.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. Cracker Barrel Old Country Store has a 1 year low of $24.85 and a 1 year high of $71.93. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 41.71 and a beta of 1.30.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The business had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Cracker Barrel Old Country Store will post -0.97 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 86.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CBRL. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store in the third quarter valued at $26,000. Axiom Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the first quarter valued at $28,000. Hilton Head Capital Partners LLC bought a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $35,000. Canada Pension Plan Investment Board bought a new position in Cracker Barrel Old Country Store in the second quarter valued at $37,000. Finally, PNC Financial Services Group Inc. increased its stake in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 321 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.