Citigroup Forecasts Strong Price Appreciation for Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price boosted by Citigroup from $38.00 to $39.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a sell rating on the restaurant operator’s stock.

CBRL has been the subject of several other reports. Piper Sandler raised their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Argus raised 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 report on Monday, November 18th. Finally, UBS Group raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $56.63.

Cracker Barrel Old Country Store Stock Down 1.2 %

Cracker Barrel Old Country Store stock opened at $42.82 on Friday. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $74.21. The firm has a 50 day moving average price of $54.00 and a 200-day moving average price of $49.08. The company has a market capitalization of $953.13 million, a P/E ratio of 23.66, a P/E/G ratio of 8.36 and a beta of 1.48. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC lifted its stake in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $56,000. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $79,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

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.