StockNews.com Downgrades Cracker Barrel Old Country Store (NASDAQ:CBRL) to Sell

StockNews.com cut shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

CBRL has been the subject of a number of other research reports. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, November 18th. Loop Capital upped their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday. Truist Financial lifted their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Piper Sandler upped their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Bank of America lifted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of Cracker Barrel Old Country Store stock opened at $50.21 on Friday. The firm’s 50 day moving average is $48.34 and its 200 day moving average is $44.56. The firm has a market capitalization of $1.12 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.45. 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 current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company 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 firm posted $1.79 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Cracker Barrel Old Country Store will post 2.9 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

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

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. Franklin Resources Inc. increased its stake in shares of Cracker Barrel Old Country Store by 30.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock valued at $280,000 after acquiring an additional 1,498 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Cracker Barrel Old Country Store by 22.4% in the third 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 during the period. MML Investors Services LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at $213,000. iSAM Funds UK Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $238,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $264,000. Institutional investors 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.