Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $44.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target upped by Truist Financial from $42.00 to $44.00 in a research report released on Friday, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a hold rating to a sell rating in a research report on Thursday, September 5th. Loop Capital decreased their target price on shares of 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. Argus cut shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a research report on Tuesday, August 6th. UBS Group decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating for the company in a report on Thursday. Finally, Citigroup dropped their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a sell rating on the stock in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

NASDAQ:CBRL opened at $41.57 on Friday. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $922.94 million, a price-to-earnings ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42. The firm has a fifty day simple moving average of $40.93 and a two-hundred day simple moving average of $50.10.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the prior year, the business earned $1.79 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Cracker Barrel Old Country Store will post 3.83 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be given 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 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the last quarter. CWM LLC boosted its stake in Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares during the last quarter. GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at approximately $73,000. Finally, nVerses Capital LLC increased its stake in shares of Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

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.