Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $58.00 Price Target at Piper Sandler

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target boosted by Piper Sandler from $46.00 to $58.00 in a report issued on Thursday morning, MarketBeat.com reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

A number of other research analysts have also commented on the company. UBS Group cut their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Loop Capital cut their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Argus upgraded 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 report on Monday, November 18th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, November 15th. Finally, Truist Financial increased their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $50.21 on Thursday. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $83.51. The company has a fifty day simple moving average of $48.34 and a 200 day simple moving average of $44.57. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.11 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.55 and a beta of 1.45.

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 the consensus estimate 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 business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the business posted $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 2.9 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Cracker Barrel Old Country Store by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator’s stock valued at $948,000 after acquiring an additional 805 shares during the period. Comerica Bank boosted its stake in shares of Cracker Barrel Old Country Store by 49.6% in the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after purchasing an additional 4,263 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 1,051 shares during the last quarter. CWM LLC increased its position 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 worth $36,000 after purchasing an additional 419 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $187,000. 96.01% of the stock is owned by institutional investors and hedge funds.

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.