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 price target boosted by Truist Financial from $44.00 to $48.00 in a report published on Friday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also recently commented on the stock. UBS Group dropped their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Bank of America increased their target price 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 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 report on Friday, September 20th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.25.

Cracker Barrel Old Country Store Trading Down 0.8 %

Cracker Barrel Old Country Store stock opened at $48.42 on Friday. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. The stock has a market capitalization of $1.08 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The firm has a 50 day simple moving average of $45.40 and a 200-day simple moving average of $44.73. 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 quarterly 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 for the quarter, compared to the consensus estimate of $898.94 million. During the same period in the previous year, the business posted $1.79 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently modified their holdings of CBRL. Marshall Wace LLP acquired a new position in Cracker Barrel Old Country Store during the second quarter valued at $25,636,000. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 during the period. Maverick Capital Ltd. acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $4,498,000. Verition Fund Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after purchasing an additional 78,816 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $2,526,000. 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.