Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Rating of “Reduce” by Brokerages

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned a consensus rating of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.25.

Several equities research analysts have issued reports on the stock. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, November 18th. Loop Capital upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. UBS Group boosted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $2,526,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after purchasing an additional 111,892 shares during the period. PDT Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store by 199.3% during the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock worth $1,357,000 after purchasing an additional 19,925 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Cracker Barrel Old Country Store by 74.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock worth $1,389,000 after buying an additional 13,040 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $1,016,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $57.57 on Thursday. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $82.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a 50 day moving average price of $52.47 and a 200 day moving average price of $46.22. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

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.