Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of “Reduce” by Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average recommendation of “Reduce” from the nine analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.57.

CBRL has been the subject of several research analyst reports. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Loop Capital decreased their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Bank of America raised their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, September 20th. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $49.51 on Friday. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. The business’s fifty day moving average is $43.18 and its 200 day moving average is $45.85. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.10 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.23 and a beta of 1.43.

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 for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The company had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same quarter last year, the business posted $1.79 earnings per share. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Cracker Barrel Old Country Store will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.02%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock worth $190,263,000 after purchasing an additional 6,804 shares during the period. Earnest Partners LLC boosted its stake in Cracker Barrel Old Country Store by 0.4% in the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock worth $148,107,000 after purchasing an additional 7,587 shares during the period. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store in the 2nd quarter worth about $25,636,000. Principal Financial Group Inc. boosted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after purchasing an additional 381 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Cracker Barrel Old Country Store by 47.2% in the 1st quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock worth $6,489,000 after purchasing an additional 28,627 shares during the period. Institutional investors own 96.01% of the company’s stock.

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.