Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of "Reduce" by Brokerages

Key Points

• Cracker Barrel Old Country Store, Inc. has received an average rating of "Reduce" from ten brokerages, with three analysts rating it as a sell and two as a buy.
• Hedge funds have made significant changes to their positions, with GAMMA Investing LLC increasing its stake by 1,901.6% during the first quarter.
• Cracker Barrel has announced a quarterly dividend of $0.25 per share, resulting in a 2.5% dividend yield for shareholders.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been assigned an average rating of "Reduce" from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $52.1429.

Several equities analysts recently commented on CBRL shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Cracker Barrel Old Country Store in a report on Wednesday. Argus dropped their target price on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, September 29th. Truist Financial set a $58.00 target price on Cracker Barrel Old Country Store in a report on Thursday, September 18th. Wall Street Zen lowered Cracker Barrel Old Country Store from a "hold" rating to a "strong sell" rating in a report on Saturday, September 20th. Finally, UBS Group reissued a "neutral" rating and issued a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in CBRL. GAMMA Investing LLC grew its holdings in shares of Cracker Barrel Old Country Store by 1,901.6% during the first quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator's stock worth $1,842,000 after purchasing an additional 45,068 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 23.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator's stock worth $537,000 after purchasing an additional 2,661 shares during the last quarter. Capital Investment Counsel Inc grew its holdings in shares of Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after purchasing an additional 9,875 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 2.9% during the first quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator's stock worth $4,305,000 after purchasing an additional 3,075 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in shares of Cracker Barrel Old Country Store by 29.6% during the first quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator's stock worth $1,299,000 after purchasing an additional 7,638 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 3.4%

Shares of NASDAQ CBRL opened at $39.34 on Friday. The stock has a market cap of $876.10 million, a P/E ratio of 19.00 and a beta of 1.32. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store has a 12-month low of $33.85 and a 12-month high of $71.93. The business's fifty day simple moving average is $51.81 and its 200-day simple moving average is $53.01.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 EPS for the quarter. The firm had revenue of $845.09 million for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. As a group, equities analysts predict that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 48.31%.

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.

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