Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.25 Average Price Target from Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned a consensus rating of “Reduce” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $57.25.

A number of equities analysts have recently weighed in on CBRL shares. 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. Bank of America raised their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Finally, Truist Financial boosted 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.

Cracker Barrel Old Country Store Stock Up 1.0 %

Cracker Barrel Old Country Store stock opened at $57.85 on Thursday. The firm’s 50 day moving average price is $51.93 and its two-hundred day moving average price is $45.90. The firm has a market cap of $1.29 billion, a PE ratio of 31.96, a P/E/G ratio of 2.15 and a beta of 1.45. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $82.98. 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 declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is 55.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of 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. Advisors Asset Management Inc. increased its position in Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares during the period. Hazlett Burt & Watson Inc. increased its position in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the period. nVerses Capital LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after buying an additional 500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Cracker Barrel Old Country Store by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock valued at $480,000 after acquiring an additional 618 shares during the period. Institutional investors and hedge funds 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.