Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Reduce” from the nine research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $57.63.

Several equities research analysts recently weighed in on the company. Piper Sandler increased their target price on 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. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, November 18th. Finally, Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $57.50 on Monday. The company has a 50-day simple moving average of $56.42 and a two-hundred day simple moving average of $48.50. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $80.77. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 10.38 and a beta of 1.48. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its stake in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 913 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Cracker Barrel Old Country Store by 22.4% in the third 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cracker Barrel Old Country Store during the third quarter valued at $79,000. Finally, nVerses Capital LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 26.3% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 500 shares in the last quarter. 96.01% of the stock is 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.