Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $64.00 at Truist Financial

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective raised by Truist Financial from $63.00 to $64.00 in a report published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also recently issued reports on CBRL. Citigroup restated a “sell” rating and issued a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Loop Capital reduced their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, March 7th. UBS Group restated a “neutral” rating and issued a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $53.71.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $55.38 on Friday. Cracker Barrel Old Country Store has a fifty-two week low of $33.86 and a fifty-two week high of $65.43. The company has a market cap of $1.23 billion, a PE ratio of 30.60, a P/E/G ratio of 8.36 and a beta of 1.45. 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 business has a 50-day simple moving average of $47.57 and a two-hundred day simple moving average of $49.91.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm had revenue of $821.10 million during the quarter, compared to analysts’ expectations of $824.65 million. During the same period last year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts expect that Cracker Barrel Old Country Store will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 38.76%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 26,500 shares of the company’s stock in a transaction on Wednesday, April 16th. The shares were bought at an average cost of $43.05 per share, with a total value of $1,140,825.00. Following the completion of the acquisition, the insider now owns 2,542,300 shares in the company, valued at approximately $109,446,015. This trade represents a 1.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have acquired 385,307 shares of company stock valued at $15,679,910. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock worth $62,452,000 after acquiring an additional 106,440 shares during the last quarter. Good Life Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $404,000. Vanguard Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock worth $138,142,000 after acquiring an additional 13,305 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $704,000. Finally, Amundi boosted its stake in shares of Cracker Barrel Old Country Store by 202.4% in the fourth quarter. Amundi now owns 10,729 shares of the restaurant operator’s stock worth $615,000 after acquiring an additional 7,181 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.