Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its target price increased by stock analysts at Telsey Advisory Group from $150.00 to $170.00 in a report issued on Wednesday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 4.29% from the stock’s previous close.

CBRL has been the subject of several other reports. Wells Fargo & Co. reissued a “market perform” rating and set a $132.50 price objective (down from $164.00) on shares of Cracker Barrel Old Country Store in a report on Friday, September 16th. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Maxim Group reduced 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 report on Monday, August 8th. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $140.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $162.50.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 163.01 on Wednesday. The company has a market capitalization of $3.92 billion, a P/E ratio of 20.74 and a beta of 0.31. The company has a 50-day moving average of $138.93 and a 200 day moving average of $151.46. Cracker Barrel Old Country Store has a 12-month low of $118.01 and a 12-month high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, November 22nd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.17. The business earned $710 million during the quarter, compared to analysts’ expectations of $713.73 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 for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. Equities research analysts forecast that Cracker Barrel Old Country Store will post $8.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be given a $1.15 dividend. The ex-dividend date is Wednesday, January 11th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.82%. Cracker Barrel Old Country Store’s payout ratio is currently 58.45%.

Several institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its position in Cracker Barrel Old Country Store by 1.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 34,509 shares of the company’s stock worth $5,268,000 after buying an additional 564 shares during the last quarter. LPL Financial LLC raised its position in shares of Cracker Barrel Old Country Store by 29.6% in the first quarter. LPL Financial LLC now owns 11,754 shares of the company’s stock worth $1,764,000 after buying an additional 2,683 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cracker Barrel Old Country Store by 2.5% in the first quarter. Arizona State Retirement System now owns 12,151 shares of the company’s stock worth $1,855,000 after buying an additional 300 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Cracker Barrel Old Country Store by 16.4% in the first quarter. Squarepoint Ops LLC now owns 11,188 shares of the company’s stock worth $1,709,000 after buying an additional 1,574 shares in the last quarter. Finally, Hillcrest Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the first quarter worth $6,365,000. Institutional investors and hedge funds own 83.91% of the company’s stock.

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Cracker Barrel Old Country Store Company Profile

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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