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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $53.71.

Several analysts have issued reports on CBRL shares. Citigroup reaffirmed a "sell" rating and set a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating and set a $60.00 price target (up from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Finally, Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 31,800 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average cost of $37.31 per share, for a total transaction of $1,186,458.00. Following the completion of the purchase, the insider now owns 2,484,000 shares of the company's stock, valued at approximately $92,678,040. The trade was a 1.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 385,307 shares of company stock worth $15,679,910 over the last ninety days. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after acquiring an additional 13,305 shares in the last quarter. GMT Capital Corp acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $78,750,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock valued at $62,452,000 after acquiring an additional 106,440 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after acquiring an additional 462,542 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Cracker Barrel Old Country Store by 2.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock valued at $34,271,000 after acquiring an additional 16,333 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $55.38 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 12-month low of $33.86 and a 12-month high of $65.43. The company has a market capitalization of $1.23 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 8.36 and a beta of 1.45. The firm's 50 day moving average is $47.57 and its 200-day moving average is $49.89.

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

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Cracker Barrel Old Country Store's dividend payout ratio is currently 38.76%.

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.

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