Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Consensus Recommendation of “Hold” by Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $57.13.

Several equities research analysts recently issued reports on CBRL shares. Bank of America lifted their price objective on 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. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. UBS Group increased their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a report on Friday, March 7th.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently made changes to their positions in CBRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,837 shares of the restaurant operator’s stock worth $1,894,000 after buying an additional 4,192 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in Cracker Barrel Old Country Store by 1.1% in the 4th quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator’s stock worth $11,839,000 after purchasing an additional 2,366 shares in the last quarter. Woodline Partners LP bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at about $3,990,000. Towle & Co. purchased a new position in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $13,575,000. Finally, Twinbeech Capital LP bought a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $437,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $41.02 on Tuesday. The stock’s 50-day simple moving average is $50.54 and its 200 day simple moving average is $49.31. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $74.21. The stock has a market capitalization of $913.23 million, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

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.