Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Receives $57.25 Average PT from Analysts

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) has been given an average recommendation of “Reduce” by the nine research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $57.25.

A number of research firms have commented on CBRL. Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Piper Sandler increased their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Loop Capital increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. boosted its position in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $45,000. Public Employees Retirement System of Ohio boosted its position in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $79,000. Finally, Quest Partners LLC boosted its position in Cracker Barrel Old Country Store by 14,675.0% in the 2nd quarter. Quest Partners LLC now owns 2,364 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 2,348 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 2.7 %

CBRL stock opened at $56.30 on Thursday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.15 and a beta of 1.45. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $82.98. The firm has a 50-day moving average of $51.93 and a two-hundred day moving average of $45.93.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

About Cracker Barrel Old Country Store

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.