Cracker Barrel Old Country Store (NASDAQ:CBRL) Price Target Raised to $55.00 at Loop Capital

Cracker Barrel Old Country Store (NASDAQ:CBRL) had its price objective hoisted by Loop Capital from $45.00 to $55.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Piper Sandler boosted their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday. Finally, Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $51.06 on Thursday. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.58 and a beta of 1.45. The company’s fifty day moving average price is $48.27 and its two-hundred day moving average price is $44.57.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the prior year, the firm earned $1.79 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently modified their holdings of CBRL. Price T Rowe Associates Inc. MD grew its position in shares of Cracker Barrel Old Country Store by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator’s stock valued at $948,000 after buying an additional 805 shares during the last quarter. Comerica Bank boosted its stake in Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after purchasing an additional 4,263 shares during the period. GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. CWM LLC boosted its stake in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at about $187,000. 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.