Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $46.00 at Piper Sandler

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Piper Sandler from $44.00 to $46.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the stock. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, November 15th. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday. Loop Capital decreased their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, Truist Financial boosted their price target on 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.25.

Cracker Barrel Old Country Store Trading Up 2.7 %

Shares of CBRL stock opened at $47.64 on Monday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.34 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $46.03 and its 200 day moving average is $44.70. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. Research analysts expect that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were given a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $25,636,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after buying an additional 111,892 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Cracker Barrel Old Country Store during the third quarter worth $4,498,000. Verition Fund Management LLC grew its stake in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after acquiring an additional 78,816 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at $2,526,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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.