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

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

A number of equities analysts recently issued reports on CBRL shares. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, December 29th. Argus dropped their target price on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Finally, UBS Group reduced their price target 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.

Cracker Barrel Old Country Store Stock Down 6.0%

NASDAQ:CBRL opened at $34.51 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store has a twelve month low of $24.85 and a twelve month high of $71.93. The company has a market cap of $770.61 million, a PE ratio of 46.01 and a beta of 1.27. The company’s 50 day moving average is $28.15 and its two-hundred day moving average is $43.40.

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

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 133.33%.

Insider Transactions 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 company’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 sale, the insider directly owned 2,749,000 shares of the company’s stock, valued at approximately $77,384,350. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 381,500 shares of company stock worth $10,258,409 in the last three months. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store during the third quarter worth about $26,000. Assetmark Inc. boosted its position in Cracker Barrel Old Country Store by 517.3% in the 2nd quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Byrne Asset Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $51,000. Finally, State of Wyoming acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $84,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.