Analysts Set Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Target Price at $77.14

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) has been given a consensus recommendation of "Reduce" by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $77.14.

CBRL has been the topic of several research reports. Citigroup increased their target price on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a "sell" rating in a research report on Wednesday, February 28th. UBS Group cut their target price on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Piper Sandler cut their target price on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. Finally, Truist Financial cut their target price on Cracker Barrel Old Country Store from $75.00 to $72.00 and set a "hold" rating on the stock in a research report on Wednesday, February 28th.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of Cracker Barrel Old Country Store stock traded down $1.10 during trading hours on Tuesday, reaching $65.31. 807,612 shares of the company's stock were exchanged, compared to its average volume of 616,357. Cracker Barrel Old Country Store has a 52-week low of $62.69 and a 52-week high of $121.17. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 4.55 and a beta of 1.45. The company has a fifty day moving average of $70.81 and a 200-day moving average of $71.77. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. During the same quarter in the prior year, the company posted $1.48 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that Cracker Barrel Old Country Store will post 4.62 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 Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a $1.30 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.20 annualized dividend and a yield of 7.96%. Cracker Barrel Old Country Store's dividend payout ratio is currently 138.67%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $28,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at about $34,000. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $32,000. Geneos Wealth Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 104.9% during the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the restaurant operator's stock valued at $59,000 after acquiring an additional 255 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $54,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.