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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has earned an average rating of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $53.86.

A number of equities research analysts have commented on the stock. UBS Group restated a "neutral" rating and issued a $60.00 price target (up from $48.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, June 3rd. Citigroup restated a "sell" rating and issued a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Loop Capital raised their price target on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Finally, Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th.

Insider Activity

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost of $41.84 per share, for a total transaction of $2,217,520.00. Following the completion of the acquisition, the insider directly owned 2,674,800 shares of the company's stock, valued at $111,913,632. This represents a 2.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 279,407 shares of company stock worth $11,873,864 in the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CBRL. Captrust Financial Advisors boosted its holdings in Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock worth $333,000 after purchasing an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock worth $666,000 after purchasing an additional 417 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Cracker Barrel Old Country Store during the first quarter worth about $25,000. Finally, MetLife Investment Management LLC boosted its holdings in Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock worth $707,000 after purchasing an additional 754 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Trading Down 0.3%

NASDAQ CBRL traded down $0.23 during mid-day trading on Thursday, reaching $67.71. 375,573 shares of the stock were exchanged, compared to its average volume of 852,045. Cracker Barrel Old Country Store has a one year low of $33.86 and a one year high of $68.09. The stock has a 50 day simple moving average of $55.40 and a 200-day simple moving average of $51.03. The stock has a market cap of $1.51 billion, a P/E ratio of 26.24, a P/E/G ratio of 6.23 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.41. The business had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. On average, analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, July 18th. 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.