Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Consensus Rating of "Hold" by Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have been given a consensus rating of "Hold" by the nine ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $57.13.

A number of equities research analysts have recently weighed in on CBRL shares. Citigroup boosted their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. Loop Capital lowered their target price on 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. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their target price for the company from $51.00 to $55.00 in a research note on Monday, March 10th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 105,900 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the transaction, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. The trade was a 4.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders bought 385,307 shares of company stock valued at $15,679,910. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $11,711,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after buying an additional 106,440 shares during the last quarter. Good Life Advisors LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $404,000. Vanguard Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after buying an additional 13,305 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at $256,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Trading Up 4.9%

NASDAQ CBRL opened at $54.19 on Wednesday. Cracker Barrel Old Country Store has a 1-year low of $33.86 and a 1-year high of $65.43. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $41.96 and a 200-day moving average of $48.77. The firm has a market cap of $1.21 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 8.36 and a beta of 1.36.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 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.

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