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

Key Points

• Analysts have a consensus rating of "Reduce" on Cracker Barrel from 12 firms (4 sell, 6 hold, 2 buy) with an average 1‑year target price of $37.75.
• In its most recent quarter CBRL reported $0.25 EPS (beating the -$0.10 estimate) and $874.82M in revenue despite revenue being down 7.9% year‑over‑year, and the company declared a quarterly dividend of $0.25 (3.5% yield).
• The stock opened at $28.89 with a market capitalization of $645.69M, a 52‑week range of $24.85–$71.93, and about 96.01% institutional ownership.

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) have earned an average rating of "Reduce" from the twelve research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $37.75.

CBRL has been the subject of several recent research reports. Zacks Research raised shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. Weiss Ratings restated a "sell (d+)" rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. Wells Fargo & Company upped their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. UBS Group increased their target price on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. Finally, Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the business. Hussman Strategic Advisors Inc. acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at $2,776,000. TrueMark Investments LLC raised its position in Cracker Barrel Old Country Store by 1,754.1% during the third quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator's stock worth $4,667,000 after acquiring an additional 100,212 shares during the period. Allianz Asset Management GmbH lifted its holdings in Cracker Barrel Old Country Store by 66.7% during the third quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator's stock valued at $20,104,000 after purchasing an additional 182,533 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Cracker Barrel Old Country Store during the third quarter valued at $2,505,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at about $2,355,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $28.89 on Friday. The company has a market capitalization of $645.69 million, a price-to-earnings ratio of -160.49 and a beta of 1.24. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93. The stock's 50-day moving average price is $30.15 and its 200-day moving average price is $32.19. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90.

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 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.35. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The company had revenue of $874.82 million during the quarter, compared to analysts' expectations of $862.89 million. During the same period last year, the business earned $1.38 earnings per share. Cracker Barrel Old Country Store's quarterly revenue was down 7.9% on a year-over-year basis. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. Cracker Barrel Old Country Store's dividend payout ratio is currently -555.56%.

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.

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