Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Cut to $42.00 by Analysts at Citigroup

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price cut by Citigroup from $47.00 to $42.00 in a report published on Thursday,Benzinga reports. They currently have a sell rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on CBRL. Truist Financial set a $58.00 price target on shares of Cracker Barrel Old Country Store in a research report on Thursday. Bank of America lowered their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating on the stock in a research report on Thursday. UBS Group restated a “neutral” rating and set a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Loop Capital boosted their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.43.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $45.80 on Thursday. The firm has a market capitalization of $1.02 billion, a PE ratio of 22.13 and a beta of 1.41. Cracker Barrel Old Country Store has a twelve month low of $33.85 and a twelve month high of $71.93. The firm’s 50-day moving average price is $58.80 and its 200 day moving average price is $52.79. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The business 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 was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

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

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake in Cracker Barrel Old Country Store by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator’s stock worth $1,214,000 after buying an additional 311 shares during the period. Parvin Asset Management LLC increased its stake in Cracker Barrel Old Country Store by 4.4% during the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock worth $507,000 after buying an additional 350 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cracker Barrel Old Country Store by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock worth $349,000 after buying an additional 389 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cracker Barrel Old Country Store by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock worth $666,000 after buying an additional 417 shares during the period. Finally, Assetmark Inc. increased its stake in Cracker Barrel Old Country Store by 517.3% during the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after buying an additional 419 shares during the period. 96.01% of the stock is 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.