Loop Capital Trims Cracker Barrel Old Country Store (NASDAQ:CBRL) Target Price to $45.00

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective cut by Loop Capital from $50.00 to $45.00 in a research note published on Friday morning, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on the company. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $46.00 to $42.00 and set a hold rating for the company in a research report on Thursday, September 5th. StockNews.com cut Cracker Barrel Old Country Store from a hold rating to a sell rating in a research note on Thursday, September 5th. Benchmark upgraded shares of Cracker Barrel Old Country Store to a hold rating in a research report on Monday, June 3rd. UBS Group lowered their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday. Finally, Argus cut shares of Cracker Barrel Old Country Store from a buy rating to a hold rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

NASDAQ CBRL opened at $41.57 on Friday. The business’s fifty day moving average is $40.93 and its 200-day moving average is $49.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock has a market capitalization of $922.94 million, a price-to-earnings ratio of 15.34, a PEG ratio of 0.94 and a beta of 1.42. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period in the prior year, the firm posted $1.79 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that Cracker Barrel Old Country Store will post 3.83 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the period. CWM LLC increased its stake in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $73,000. Finally, nVerses Capital LLC boosted its position in shares of Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,500 shares during the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.