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

Key Points

• Cracker Barrel Old Country Store has received an average consensus rating of "Hold" from eight analysts, with two sell ratings, four holds, and two buy ratings.
• The company's stock is currently priced at $65.78, with a significant price target ranging from $42 to $69 set by various brokerages following recent updates.
• Cracker Barrel recently announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 1.52% and reflecting a payout ratio of 38.76%.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has earned an average rating of "Hold" from the eight analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $55.14.

CBRL has been the topic of several recent analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Loop Capital increased their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Citigroup reaffirmed a "sell" rating and set a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Bank of America lifted their price target on 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.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $44.60 per share, for a total transaction of $2,363,800.00. Following the completion of the acquisition, the insider owned 2,833,700 shares in the company, valued at approximately $126,383,020. This represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 141,607 shares of company stock valued at $6,104,231. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently modified their holdings of CBRL. Capital Investment Counsel Inc increased its stake in shares of Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after purchasing an additional 9,875 shares during the period. Vanguard Group Inc. raised its holdings in Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after purchasing an additional 13,305 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 worth $34,271,000 after purchasing an additional 16,333 shares in the last quarter. Huntleigh Advisors Inc. bought a new stake in Cracker Barrel Old Country Store in the first quarter valued at $248,000. Finally, Jaffetilchin Investment Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store by 52,574.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 47,934 shares of the restaurant operator's stock valued at $2,534,000 after purchasing an additional 47,843 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL traded down $1.95 during trading hours on Monday, hitting $63.83. The company's stock had a trading volume of 813,212 shares, compared to its average volume of 843,037. Cracker Barrel Old Country Store has a 52-week low of $33.85 and a 52-week high of $71.93. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The business's 50-day moving average is $61.12 and its two-hundred day moving average is $52.22. The company has a market capitalization of $1.42 billion, a PE ratio of 24.74 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.41. The firm had revenue of $821.10 million for the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%. Cracker Barrel Old Country Store's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, research analysts anticipate that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.57%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 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.