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

Key Points

• Consensus: "Hold" — Thirteen brokerages cover Cracker Barrel with an average recommendation of Hold (4 sell, 6 hold, 2 buy, 1 strong buy) and an average 1‑year price target of $37.75.
• Recent quarter beat expectations with $0.25 EPS (vs. -$0.10 est.) and $874.8M revenue, but revenue was down 7.9% year‑over‑year and analysts forecast -1.07 EPS for the current year while the stock trades near $30.77 with a negative P/E.
• Dividend: the company declared a $0.25 quarterly dividend (annualized $1.00) implying a ~3.2% yield, though the payout ratio is a negative -555.56% due to recent losses.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has received an average recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.75.

A number of brokerages have commented on CBRL. Wall Street Zen cut Cracker Barrel Old Country Store from a "sell" rating to a "strong sell" rating in a research note on Sunday, April 19th. Freedom Capital raised Cracker Barrel Old Country Store to a "strong-buy" rating in a research note on Monday, April 6th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Citigroup boosted their target price on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday, March 5th.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $30.77 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18. The business's 50 day simple moving average is $29.50 and its two-hundred day simple moving average is $30.27. The stock has a market capitalization of $687.71 million, a P/E ratio of -170.93 and a beta of 1.24. Cracker Barrel Old Country Store has a one year low of $24.85 and a one year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.35. The business had revenue of $874.82 million for the quarter, compared to analysts' expectations of $862.89 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Analysts forecast that Cracker Barrel Old Country Store will post -1.07 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. Cracker Barrel Old Country Store's payout ratio is -555.56%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in the business. Poehling Capital Management INC. increased its stake in shares of Cracker Barrel Old Country Store by 4.9% during the first quarter. Poehling Capital Management INC. now owns 13,257 shares of the restaurant operator's stock valued at $373,000 after buying an additional 620 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $278,000. Caitong International Asset Management Co. Ltd grew its stake in Cracker Barrel Old Country Store by 107.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,246 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 645 shares during the period. Hamilton Wealth LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $219,000. Finally, Invesco Ltd. grew its stake in Cracker Barrel Old Country Store by 46.5% in the fourth quarter. Invesco Ltd. now owns 477,595 shares of the restaurant operator's stock worth $12,131,000 after purchasing an additional 151,633 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.