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 rating of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.25.

Several equities research analysts have commented on the stock. Piper Sandler upped 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 report on Thursday, December 5th. Truist Financial upped their price target 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. Loop Capital upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Finally, Argus upgraded 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, November 18th.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $56.30 on Thursday. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $82.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm 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 firm’s fifty day moving average is $51.93 and its two-hundred day moving average is $45.93.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.78%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CBRL. Marshall Wace LLP acquired a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $25,636,000. Charles Schwab Investment Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after purchasing an additional 111,892 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $4,498,000. Verition Fund Management LLC raised its position in shares of Cracker Barrel Old Country Store by 96.0% during the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after purchasing an additional 78,816 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $2,526,000. 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 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.