Cracker Barrel Old Country Store (NASDAQ:CBRL) Given New $53.00 Price Target at Bank of America

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its target price hoisted by Bank of America from $45.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm currently has an underperform rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. Loop Capital decreased their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Piper Sandler upped their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group upped their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Trading Down 6.7 %

CBRL opened at $51.06 on Thursday. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $83.51. The stock has a market capitalization of $1.13 billion, a PE ratio of 28.21, a P/E/G ratio of 1.58 and a beta of 1.45. The business’s 50 day moving average price is $48.27 and its 200 day moving average price is $44.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61.

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

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. increased its holdings in Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. CWM LLC increased its holdings in Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the third quarter valued at $45,000. GAMMA Investing LLC increased its holdings in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Cracker Barrel Old Country Store by 22.4% in the third 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 last quarter. 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.