Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Rating of "Hold" from Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $53.86.

CBRL has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Citigroup reissued a "sell" rating and set a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Loop Capital upped their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Finally, Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th.

Insiders Place Their Bets

In related news, major shareholder Gmt Capital Corp acquired 105,900 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the purchase, the insider directly owned 2,452,200 shares in the company, valued at $88,132,068. This trade represents a 4.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $25,000. Sterling Capital Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at about $30,000. Meeder Asset Management Inc. bought a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $45,000. Finally, Russell Investments Group Ltd. boosted its holdings in Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $67.93 on Thursday. The company has a market capitalization of $1.51 billion, a PE ratio of 26.33, a P/E/G ratio of 6.02 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store has a twelve month low of $33.86 and a twelve month high of $68.09. The firm has a fifty day simple moving average of $54.43 and a 200 day simple moving average of $50.84.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.41. The firm had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, August 13th. Investors 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 dividend on an annualized basis and a dividend yield of 1.47%. Cracker Barrel Old Country Store's dividend payout ratio is presently 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.

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