Cracker Barrel Old Country Store (NASDAQ:CBRL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a hold rating in a report published on Friday.

Several other equities analysts have also weighed in on CBRL. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Loop Capital boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. UBS Group boosted 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 note on Thursday, December 5th. Finally, Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $47.33 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 26.15, a PEG ratio of 10.38 and a beta of 1.48. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $74.54. The firm’s 50-day moving average price is $56.09 and its 200 day moving average price is $48.65. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock worth $138,142,000 after buying an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after buying an additional 106,440 shares during the period. Marshall Wace LLP increased its stake in Cracker Barrel Old Country Store by 151.9% during the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock worth $40,544,000 after buying an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Cracker Barrel Old Country Store by 2.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock worth $34,271,000 after buying an additional 16,333 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Cracker Barrel Old Country Store by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock worth $18,584,000 after buying an additional 50,905 shares during the period. 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.