Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives Average Rating of “Hold” from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $103.75.

Several brokerages have commented on CBRL. Citigroup cut their target price on Cracker Barrel Old Country Store from $94.00 to $86.00 in a research note on Sunday, December 4th. Deutsche Bank Aktiengesellschaft cut their target price on Cracker Barrel Old Country Store from $106.00 to $100.00 in a research note on Monday, December 5th. CL King started coverage on Cracker Barrel Old Country Store in a research note on Tuesday, December 20th. They issued a “buy” rating and a $116.00 target price for the company. UBS Group started coverage on Cracker Barrel Old Country Store in a report on Friday, December 16th. They issued a “neutral” rating and a $105.00 price target on the stock. Finally, StockNews.com started coverage on Cracker Barrel Old Country Store in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Cracker Barrel Old Country Store Stock Up 1.7 %

CBRL stock opened at $104.74 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.21 and a current ratio of 0.71. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 5.25 and a beta of 1.36. Cracker Barrel Old Country Store has a fifty-two week low of $81.87 and a fifty-two week high of $135.99. The stock has a fifty day moving average of $104.67 and a 200-day moving average of $101.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last posted its quarterly earnings results on Friday, December 2nd. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Cracker Barrel Old Country Store had a return on equity of 23.59% and a net margin of 3.48%. The firm had revenue of $839.50 million for the quarter, compared to the consensus estimate of $836.88 million. During the same quarter in the previous year, the company posted $1.52 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Cracker Barrel Old Country Store will post 5.72 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.96%. Cracker Barrel Old Country Store’s dividend payout ratio is 103.38%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently modified their holdings of CBRL. Bank of America Corp DE raised its holdings in shares of Cracker Barrel Old Country Store by 55.2% during the 1st quarter. Bank of America Corp DE now owns 869,240 shares of the restaurant operator’s stock valued at $103,205,000 after buying an additional 309,186 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at about $24,651,000. Millennium Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 1,415.0% during the 2nd quarter. Millennium Management LLC now owns 144,440 shares of the restaurant operator’s stock valued at $12,059,000 after buying an additional 134,906 shares in the last quarter. Victory Capital Management Inc. increased its stake in Cracker Barrel Old Country Store by 2,129.7% in the 3rd quarter. Victory Capital Management Inc. now owns 121,655 shares of the restaurant operator’s stock worth $11,263,000 after purchasing an additional 116,199 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in Cracker Barrel Old Country Store by 130.3% in the 3rd quarter. Balyasny Asset Management LLC now owns 202,847 shares of the restaurant operator’s stock worth $18,780,000 after purchasing an additional 114,779 shares during the period. 87.19% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Company Profile

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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.