Cracker Barrel Old Country Store’s (CBRL) “Hold” Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) in a report released on Monday morning,Benzinga reports.

Several other equities analysts have also recently issued reports on the stock. Citigroup boosted their price objective on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Bank of America boosted 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. Loop Capital dropped their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. 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 research note on Monday, November 18th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.13.

Cracker Barrel Old Country Store Stock Up 4.5 %

Shares of NASDAQ:CBRL opened at $43.79 on Monday. The company has a market capitalization of $974.72 million, a PE ratio of 24.19, a P/E/G ratio of 8.36 and a beta of 1.57. 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 has a twelve month low of $34.88 and a twelve month high of $74.21. The firm has a 50 day simple moving average of $53.32 and a 200-day simple moving average of $49.23.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at about $2,526,000. Cibc World Market Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $11,711,000. Good Life Advisors LLC purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $404,000. Charles Schwab Investment Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $256,000. 96.01% of the stock is currently 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.