Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $68.00 Price Target at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target reduced by Truist Financial from $72.00 to $68.00 in a report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other research analysts also recently weighed in on CBRL. UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Citigroup lifted their target price on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a sell rating in a research report on Wednesday, February 28th. Finally, Piper Sandler dropped their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a neutral rating on the stock in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of Hold and a consensus price target of $76.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $55.87 on Wednesday. The firm’s 50 day moving average is $68.46 and its 200-day moving average is $71.50. The stock has a market capitalization of $1.24 billion, a P/E ratio of 14.90, a P/E/G ratio of 4.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a 12-month low of $54.87 and a 12-month high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Equities research analysts anticipate that Cracker Barrel Old Country Store will post 4.62 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 9.31%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently made changes to their positions in CBRL. Compass Wealth Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $32,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter worth approximately $34,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 91.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 275 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $54,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.