Cracker Barrel Old Country Store (NASDAQ:CBRL) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have $55.00 price target on the restaurant operator’s stock, up from their previous price target of $51.00.

CBRL has been the subject of a number of other research reports. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 18th. Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Bank of America boosted their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Citigroup boosted their price target on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Finally, Loop Capital dropped their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Trading Up 4.5 %

Shares of Cracker Barrel Old Country Store stock opened at $43.79 on Monday. The firm has a 50-day moving average of $53.32 and a 200-day moving average of $49.23. The stock has a market cap of $974.72 million, a PE ratio of 24.19, a PEG ratio of 8.36 and a beta of 1.57. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $74.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store’s payout ratio is 62.11%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cracker Barrel Old Country Store by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock worth $138,142,000 after acquiring an additional 13,305 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cracker Barrel Old Country Store by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after acquiring an additional 106,440 shares in the last quarter. Marshall Wace LLP raised its stake in Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock worth $40,544,000 after acquiring an additional 462,542 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock worth $34,271,000 after acquiring an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cracker Barrel Old Country Store by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock worth $18,584,000 after acquiring an additional 50,905 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

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.