Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.63 Consensus PT from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given a consensus recommendation of “Reduce” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.63.

A number of analysts have commented on CBRL shares. Piper Sandler upped their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Loop Capital lifted their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Monday, November 18th. Finally, Truist Financial boosted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, January 16th.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $59.91 on Monday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 11.25 and a beta of 1.47. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $80.77. The company’s 50-day moving average is $56.24 and its 200 day moving average is $48.24.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.67%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after purchasing an additional 321 shares during the period. nVerses Capital LLC raised its holdings in Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Cracker Barrel Old Country Store by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock worth $480,000 after buying an additional 618 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Cracker Barrel Old Country Store by 6.8% in the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock worth $533,000 after buying an additional 804 shares in the last quarter. 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.