Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Lowered to $50.00 at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective lowered by Loop Capital from $72.00 to $50.00 in a research report released on Monday, Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

CBRL has been the subject of a number of other research reports. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a neutral rating for the company in a research note on Wednesday, February 28th. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an underperform rating for the company in a research note on Thursday, May 16th. Truist Financial lowered their target price on shares of Cracker Barrel Old Country Store from $68.00 to $60.00 and set a hold rating for the company in a research note on Monday, May 13th. CL King downgraded shares of Cracker Barrel Old Country Store from a buy rating to a neutral rating and set a $90.00 target price for the company. in a research note on Friday, May 17th. Finally, Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $61.00 to $48.00 and set a sell rating for the company in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $65.00.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $46.63 on Monday. The firm has a 50 day simple moving average of $60.92 and a 200 day simple moving average of $69.48. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.94 and a beta of 1.48. Cracker Barrel Old Country Store has a one year low of $46.22 and a one year high of $107.85. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Research analysts predict that Cracker Barrel Old Country Store will post 4.24 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is 138.67%.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Cracker Barrel Old Country Store in the fourth quarter worth about $32,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $73,000. Security National Bank bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $81,000. Newbridge Financial Services Group Inc. raised its position in shares of Cracker Barrel Old Country Store by 85.2% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock valued at $91,000 after purchasing an additional 575 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Cracker Barrel Old Country Store by 106.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 788 shares during the period. 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.