Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $42.00 Price Target at Bank of America

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price target decreased by Bank of America from $48.00 to $42.00 in a research report released on Thursday morning,Benzinga reports. Bank of America currently has an underperform rating on the restaurant operator’s stock.

Several other analysts have also recently commented on the stock. Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $65.00 to $62.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler cut their price objective on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Monday, September 8th. UBS Group reaffirmed a “neutral” rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Finally, Loop Capital raised their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $52.43.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $45.80 on Thursday. Cracker Barrel Old Country Store has a one year low of $33.85 and a one year high of $71.93. The company has a 50-day moving average of $58.80 and a two-hundred day moving average of $52.79. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 22.13 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The company had revenue of $868.01 million for the quarter, compared to analyst estimates of $853.90 million. Cracker Barrel Old Country Store had a return on equity of 15.52% and a net margin of 1.33%.The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Cracker Barrel Old Country Store will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, October 17th. Cracker Barrel Old Country Store’s payout ratio is currently 48.31%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 419 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cracker Barrel Old Country Store in the second quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $25,000. Brooklyn Investment Group bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $30,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $45,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.