Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $45.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target upped by Bank of America from $42.00 to $45.00 in a research report report published on Friday,Benzinga reports. Bank of America currently has an underperform rating on the restaurant operator’s stock.

A number of other brokerages have also issued reports on CBRL. Loop Capital reduced their price target 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. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.57.

Cracker Barrel Old Country Store Stock Up 1.5 %

CBRL stock opened at $48.81 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The firm’s 50-day simple moving average is $45.15 and its 200 day simple moving average is $44.80. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly 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). The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 EPS. As a group, sell-side analysts predict that Cracker Barrel Old Country Store will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after buying an additional 306 shares during the period. Advisors Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after acquiring an additional 321 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the period. Finally, CWM LLC lifted its position in shares of Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other 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.