Shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $154.42.

A number of brokerages have weighed in on CBRL. Maxim Group decreased their target price on shares of Cracker Barrel Old Country Store from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Telsey Advisory Group decreased their target price on shares of Cracker Barrel Old Country Store from $172.00 to $160.00 and set a “market perform” rating for the company in a research note on Tuesday, August 30th. Zacks Investment Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Wells Fargo & Co. reiterated a “market perform” rating and set a $132.50 target price (down from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $140.00 target price on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 147.91 on Wednesday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 18.82 and a beta of 0.31. Cracker Barrel Old Country Store has a 1-year low of $118.01 and a 1-year high of $172.89. The company’s 50-day moving average price is $134.75 and its 200 day moving average price is $151.03.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 14th. The company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by $0.01. The business earned $745.60 million during the quarter, compared to the consensus estimate of $741.21 million. Cracker Barrel Old Country Store had a net margin of 6.50% and a return on equity of 33.11%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.97 earnings per share. On average, analysts predict that Cracker Barrel Old Country Store will post $8.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Friday, October 14th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.11%. The ex-dividend date was Wednesday, October 12th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 58.45%.

A number of hedge funds and other institutional investors have recently modified their holdings of CBRL. Bellwether Investment Group LLC purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at $107,000. Synovus Financial Corp increased its position in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock valued at $120,000 after buying an additional 6 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at $128,000. Public Employees Retirement System of Ohio increased its position in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock valued at $164,000 after buying an additional 55 shares in the last quarter. Finally, Seven Eight Capital LLC increased its position in shares of Cracker Barrel Old Country Store by 2,052.2% in the second quarter. Seven Eight Capital LLC now owns 990 shares of the company’s stock valued at $170,000 after buying an additional 944 shares in the last quarter. 83.35% of the stock is owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). Each Cracker Barrel store consists of a restaurant with a gift shop. The format of its stores consists of a trademarked rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods.

5 Day Chart for NASDAQ:CBRL

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