Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Bank of America downgraded Cracker Barrel Old Country Store from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $108.00 to $94.00 in a research note on Monday, June 27th. Truist Financial decreased their price target on Cracker Barrel Old Country Store from $104.00 to $94.00 and set a "hold" rating on the stock in a research note on Thursday, June 23rd. StockNews.com downgraded Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Thursday, June 16th. Deutsche Bank Aktiengesellschaft downgraded Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating and decreased their price target for the company from $109.00 to $100.00 in a research note on Tuesday, August 2nd. Finally, MKM Partners decreased their price target on Cracker Barrel Old Country Store from $140.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, June 3rd. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $107.00.
Cracker Barrel Old Country Store Trading Up 1.2 %
Cracker Barrel Old Country Store stock traded up $1.26 during trading on Thursday, hitting $105.39. The company's stock had a trading volume of 359,408 shares, compared to its average volume of 412,412. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 2.39 and a beta of 1.33. The stock's fifty day moving average is $91.39 and its 200 day moving average is $108.06. Cracker Barrel Old Country Store has a 1-year low of $81.87 and a 1-year high of $149.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.22 and a current ratio of 0.63.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Rating) last announced its quarterly earnings results on Tuesday, June 7th. The restaurant operator reported $1.29 EPS for the quarter, topping the consensus estimate of $1.21 by $0.08. The company had revenue of $790.20 million during the quarter, compared to analyst estimates of $793.96 million. Cracker Barrel Old Country Store had a return on equity of 25.85% and a net margin of 4.19%. The firm's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, equities research analysts predict that Cracker Barrel Old Country Store will post 5.93 EPS for the current year.
Cracker Barrel Old Country Store Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 15th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $5.20 annualized dividend and a yield of 4.93%. Cracker Barrel Old Country Store's dividend payout ratio is presently 90.75%.