Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Given Average Recommendation of “Reduce” by Brokerages

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Reduce” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $50.8750.

A number of analysts have commented on the stock. UBS Group reiterated a “neutral” rating and issued a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Zacks Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Wells Fargo & Company began coverage on shares of Cracker Barrel Old Country Store in a report on Friday, October 17th. They set an “equal weight” rating and a $42.00 price target for the company. Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Finally, Citigroup cut their price target on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, September 18th.

Cracker Barrel Old Country Store Stock Up 0.6%

Shares of CBRL opened at $32.42 on Wednesday. Cracker Barrel Old Country Store has a 52 week low of $31.79 and a 52 week high of $71.93. The company has a quick ratio of 0.21, a current ratio of 0.50 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $721.96 million, a price-to-earnings ratio of 15.66 and a beta of 1.32. The stock’s 50-day moving average price is $44.51 and its 200-day moving average price is $52.91.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The business had revenue of $845.09 million during the quarter. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 48.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth $25,000. Brooklyn Investment Group purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth $30,000. Assetmark Inc. lifted its position in shares of 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 purchasing an additional 419 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $37,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth $45,000. 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.