Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stock Has Average Price Target of $50.86

Key Points

• Analysts have a consensus “Hold” rating on Cracker Barrel, with three sells, four holds, three buys and two strong buys. The average 12-month price target is $50.86, below the stock’s reported $51.81 opening price.
• Cracker Barrel’s latest quarterly results exceeded expectations, with EPS of $0.99 versus the $0.17 consensus and revenue of $849.34 million versus estimates of $834.57 million. However, revenue declined 2.2% year over year and net margin remained low at 0.95%.
• Institutional investors own approximately 96.01% of the company’s stock, while Cracker Barrel declared a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized payout and a 1.9% yield.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have received an average recommendation of "Hold" from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $50.86.

CBRL has been the topic of several analyst reports. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research report on Saturday, June 13th. UBS Group raised their price objective on Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a "neutral" rating in a report on Monday. Bank of America reaffirmed an "underperform" rating and issued a $48.00 target price on shares of Cracker Barrel Old Country Store in a research report on Thursday. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Finally, Weiss Ratings raised Cracker Barrel Old Country Store from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the stock. Quantinno Capital Management LP acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $858,000. Biglari Sardar acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $3,685,215. Jupiter Asset Management Ltd. increased its holdings in shares of Cracker Barrel Old Country Store by 173.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator's stock worth $3,950,000 after acquiring an additional 98,686 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $1,639,000. Finally, Fifth Third Bancorp raised its stake in Cracker Barrel Old Country Store by 5,188.7% in the 1st quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator's stock valued at $827,000 after acquiring an additional 28,849 shares during the period. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $51.81 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.58 and a debt-to-equity ratio of 0.71. Cracker Barrel Old Country Store has a twelve month low of $24.85 and a twelve month high of $60.26. The stock has a market capitalization of $1.16 billion, a P/E ratio of 37.01 and a beta of 1.19. The company has a 50 day moving average of $53.81 and a 200-day moving average of $42.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.82. The business had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, equities research analysts forecast that Cracker Barrel Old Country Store will post 1.29 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Cracker Barrel Old Country Store's dividend payout ratio is currently 71.43%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a chain of full-service restaurants and retail stores under the Cracker Barrel brand. Its restaurants offer Southern-inspired, homestyle meals, including breakfast served throughout the day, lunch, dinner and seasonal menu items.

The company's adjoining country stores sell a variety of merchandise, including home décor, apparel, gifts, toys, games, candy, music and food products. Cracker Barrel's locations are designed around a nostalgic country-store and roadside dining experience, with many restaurants featuring front porches and rocking chairs.

Founded in 1969 by Dan Evins, the company opened its first location in Lebanon, Tennessee.

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