Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Cut to $45.00 by Analysts at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective lowered by Loop Capital from $50.00 to $45.00 in a research report released on Friday morning, Benzinga reports. Loop Capital currently has a hold rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. UBS Group cut their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday. Argus lowered Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Tuesday, August 6th. StockNews.com downgraded Cracker Barrel Old Country Store from a hold rating to a sell rating in a report on Thursday, September 5th. Benchmark upgraded shares of Cracker Barrel Old Country Store to a hold rating in a report on Monday, June 3rd. Finally, Bank of America decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an underperform rating for the company in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of Hold and a consensus price target of $53.57.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $41.57 on Friday. The stock’s 50 day moving average price is $40.93 and its 200-day moving average price is $50.10. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The stock has a market capitalization of $922.94 million, a PE ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the previous year, the firm posted $1.79 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Cracker Barrel Old Country Store will post 3.83 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. grew its holdings in shares of Cracker Barrel Old Country Store by 63.7% during the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 6,925 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $73,000. Duality Advisers LP boosted its stake in Cracker Barrel Old Country Store by 196.5% during the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after purchasing an additional 33,751 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Cracker Barrel Old Country Store by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after purchasing an additional 306 shares in the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter worth $2,909,000. 96.01% of the stock is currently owned by institutional investors.

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.