Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $53.71 Average Price Target from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have been given an average rating of "Hold" by the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $53.71.

CBRL has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the company a "buy" rating in a report on Friday, June 6th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. UBS Group restated a "neutral" rating and set a $60.00 price objective (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, June 3rd. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Finally, Citigroup restated a "sell" rating and set a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 105,900 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the transaction, the insider now directly owns 2,452,200 shares in the company, valued at approximately $88,132,068. This represents a 4.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 385,307 shares of company stock worth $15,679,910 over the last quarter. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $25,000. Brooklyn Investment Group purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC boosted its position in Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 913 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Up 2.1%

Shares of CBRL stock traded up $1.13 during mid-day trading on Friday, hitting $55.64. 3,524,836 shares of the stock traded hands, compared to its average volume of 835,712. The stock has a market cap of $1.24 billion, a P/E ratio of 30.74, a P/E/G ratio of 8.36 and a beta of 1.45. The stock's fifty day moving average is $48.70 and its two-hundred day moving average is $50.07. Cracker Barrel Old Country Store has a 52-week low of $33.86 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.17 by $0.41. The business had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. Equities analysts predict that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Cracker Barrel Old Country Store's dividend payout ratio is currently 38.76%.

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.