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

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective raised by Bank of America from $42.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an underperform rating on the restaurant operator’s stock.

Several other research analysts also recently commented on the company. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial upped 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 report on Friday. UBS Group cut their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Loop Capital decreased 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 note on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $48.42 on Friday. The company has a fifty day moving average price of $45.40 and a two-hundred day moving average price of $44.73. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The stock has a market cap of $1.08 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period in the previous year, the company posted $1.79 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Cracker Barrel Old Country Store will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. increased 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 worth $25,000 after purchasing an additional 400 shares during the period. CWM LLC increased its stake in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at $45,000. GAMMA Investing LLC lifted its position in shares of Cracker Barrel Old Country Store by 447.2% during the 2nd 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 period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Cracker Barrel Old Country Store by 22.4% during 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. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.