Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $48.00 Price Target at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Truist Financial from $44.00 to $48.00 in a research note published on Friday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on CBRL. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, September 20th. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group reduced their target price on 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. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.57.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $48.81 on Friday. The firm has a 50 day moving average of $45.15 and a 200-day moving average of $44.80. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.40 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51.

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 (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.79 earnings per share. As a group, equities analysts expect that Cracker Barrel Old Country Store will post 2.97 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.05%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. lifted its position in 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 worth $25,000 after buying an additional 400 shares during the period. CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% during 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 during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $45,000. GAMMA Investing LLC boosted its position in shares of 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 worth $54,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew 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 valued at $61,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds 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.