Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Consensus Rating of “Reduce” from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has earned an average recommendation of “Reduce” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $57.63.

Several equities analysts recently commented on CBRL shares. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. UBS Group increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Bank of America increased their price objective on shares of 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. Loop Capital increased their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th.

Cracker Barrel Old Country Store Trading Down 4.1 %

CBRL stock opened at $57.50 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company’s 50-day simple moving average is $56.38 and its 200 day simple moving average is $48.32. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $80.77. The company has a market capitalization of $1.28 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 11.25 and a beta of 1.47.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.74%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store in the third quarter worth about $2,526,000. Cibc World Market Inc. bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $11,711,000. Charles Schwab Investment Management Inc. raised its holdings in 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 buying an additional 111,892 shares during the last quarter. PDT Partners LLC raised its holdings in Cracker Barrel Old Country Store by 199.3% in the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock valued at $1,357,000 after buying an additional 19,925 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $256,000. Institutional investors 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.