Zacks Investment Research upgraded shares of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) from a hold rating to a buy rating in a report published on Wednesday. The brokerage currently has $186.00 price target on the stock.

According to Zacks, “Cracker Barrel Old Country Store, Inc., formerly CBRL Group, Inc., is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept. The format of Cracker Barrel stores consists of a rustic, old country-store design with a separate retail area offering a variety of decorative and functional items featuring rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods, including various old fashioned candies and jellies. “

CBRL has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on shares of Cracker Barrel Old Country Store from $160.00 to $150.00 and set a market perform rating on the stock in a research note on Thursday, September 15th. Maxim Group dropped their price target on shares of Cracker Barrel Old Country Store from $170.00 to $165.00 and set a buy rating on the stock in a research note on Thursday, September 15th. Bank of America Corp. reissued a sell rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Finally, Wells Fargo & Co. reissued a market perform rating and issued a $132.50 price target (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $162.50.

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

Cracker Barrel Old Country Store (NASDAQ:CBRL) remained flat at $165.64 during midday trading on Wednesday. 488,832 shares of the company’s stock were exchanged. The company has a 50 day moving average of $139.87 and a 200 day moving average of $151.56. The company has a market capitalization of $3.98 billion, a PE ratio of 21.07 and a beta of 0.31. Cracker Barrel Old Country Store has a one year low of $118.01 and a one year high of $172.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.17. The business had revenue of $710 million for the quarter, compared to analysts’ expectations of $713.73 million. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.15%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. On average, equities research analysts anticipate that Cracker Barrel Old Country Store will post $8.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 13th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $4.60 annualized dividend and a dividend yield of 2.78%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 56.23%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Synovus Financial Corp raised its stake 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 during the period. BB&T Securities LLC raised its stake in shares of Cracker Barrel Old Country Store by 1.3% in the second quarter. BB&T Securities LLC now owns 1,670 shares of the company’s stock valued at $286,000 after buying an additional 21 shares during the period. Eaton Vance Management raised its stake in shares of Cracker Barrel Old Country Store by 0.6% in the second quarter. Eaton Vance Management now owns 4,339 shares of the company’s stock valued at $744,000 after buying an additional 25 shares during the period. Jensen Investment Management Inc. raised its stake in shares of Cracker Barrel Old Country Store by 1.8% in the second quarter. Jensen Investment Management Inc. now owns 2,760 shares of the company’s stock valued at $473,000 after buying an additional 50 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake 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 during the period. 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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