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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned an average recommendation of “Reduce” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.25.

Several analysts recently issued reports on CBRL shares. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. UBS Group lowered their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, December 10th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, December 11th. Finally, Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 20th.

Insider Activity at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp sold 84,700 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $28.15, for a total value of $2,384,305.00. Following the completion of the transaction, the insider owned 2,749,000 shares in the company, valued at $77,384,350. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 296,700 shares of company stock valued at $8,070,993 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. GMT Capital Corp acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at approximately $78,750,000. Alliancebernstein L.P. raised its holdings in Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after purchasing an additional 1,117,617 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Cracker Barrel Old Country Store by 13,737.1% during the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after buying an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $43,930,000. Finally, Woodline Partners LP boosted its holdings in shares of Cracker Barrel Old Country Store by 340.8% in the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock valued at $12,919,000 after buying an additional 257,301 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Up 2.0%

CBRL opened at $26.26 on Thursday. The stock has a market capitalization of $586.27 million, a PE ratio of 35.01 and a beta of 1.24. Cracker Barrel Old Country Store has a one year low of $25.25 and a one year high of $71.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51. The business’s 50 day moving average price is $30.23 and its 200 day moving average price is $47.14.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.04. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The company had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities research analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Cracker Barrel Old Country Store’s dividend payout ratio is 133.33%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.