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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been assigned a consensus rating of “Reduce” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $35.25.

Several brokerages have commented on CBRL. Weiss Ratings reissued a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, January 20th. Bank of America cut their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Gordon Haskett upgraded Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th.

Cracker Barrel Old Country Store Stock Down 5.4%

NASDAQ:CBRL opened at $30.95 on Friday. Cracker Barrel Old Country Store has a 52 week low of $24.85 and a 52 week high of $71.93. The stock’s fifty day moving average is $29.42 and its two-hundred day moving average is $39.09. The stock has a market capitalization of $691.11 million, a price-to-earnings ratio of 41.27 and a beta of 1.28. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.04. The firm had revenue of $797.19 million for the quarter, compared to analyst estimates of $806.71 million. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.Cracker Barrel Old Country Store’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th were paid a $0.25 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 133.33%.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was 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 directly owned 2,749,000 shares of the company’s stock, valued at $77,384,350. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 381,500 shares of company stock valued at $10,258,409. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of CBRL. Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth $26,000. Assetmark Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 517.3% during the second 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. Hilton Head Capital Partners LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $35,000. Canada Pension Plan Investment Board purchased a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.