Cracker Barrel Old Country Store, Inc. (CBRL) Given Average Recommendation of “Hold” by Analysts

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $154.25.

CBRL has been the topic of several research reports. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Buckingham Research set a $161.00 price objective on shares of Cracker Barrel Old Country Store and gave the company a “hold” rating in a research report on Tuesday, February 14th. Finally, Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th.

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down 0.06% during mid-day trading on Monday, reaching $158.88. 165,869 shares of the company were exchanged. Cracker Barrel Old Country Store has a one year low of $130.15 and a one year high of $175.04. The stock has a 50 day moving average of $158.80 and a 200-day moving average of $155.68. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.03 and a beta of 0.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, February 21st. The restaurant operator reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.05. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The company had revenue of $772.70 million for the quarter, compared to analysts’ expectations of $783.86 million. During the same quarter in the previous year, the business posted $1.91 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Cracker Barrel Old Country Store will post $8.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Friday, April 14th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.23%.

WARNING: “Cracker Barrel Old Country Store, Inc. (CBRL) Given Average Recommendation of “Hold” by Analysts” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/04/21/cracker-barrel-old-country-store-inc-cbrl-receives-162-81-average-pt-from-analysts-2-updated-updated.html.

In other news, Director Richard J. Dobkin sold 2,000 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $165.00, for a total transaction of $330,000.00. Following the completion of the sale, the director now directly owns 14,135 shares of the company’s stock, valued at $2,332,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of CBRL. Eqis Capital Management Inc. raised its stake in shares of Cracker Barrel Old Country Store by 92.6% in the third quarter. Eqis Capital Management Inc. now owns 4,577 shares of the restaurant operator’s stock worth $605,000 after buying an additional 2,201 shares in the last quarter. Kelman Lazarov Inc. raised its stake in shares of Cracker Barrel Old Country Store by 13.8% in the third quarter. Kelman Lazarov Inc. now owns 6,115 shares of the restaurant operator’s stock worth $805,000 after buying an additional 740 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Cracker Barrel Old Country Store by 3.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 8,269 shares of the restaurant operator’s stock worth $1,093,000 after buying an additional 265 shares in the last quarter. Naples Global Advisors LLC raised its stake in Cracker Barrel Old Country Store by 1.2% in the third quarter. Naples Global Advisors LLC now owns 8,705 shares of the restaurant operator’s stock worth $1,151,000 after buying an additional 100 shares during the period. Finally, Creative Planning raised its stake in Cracker Barrel Old Country Store by 2.5% in the third quarter. Creative Planning now owns 15,280 shares of the restaurant operator’s stock worth $2,020,000 after buying an additional 378 shares during the period. 85.69% of the stock is owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). The Company’s segments include Restaurant and Retail. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a 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

What are top analysts saying about Cracker Barrel Old Country Store Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cracker Barrel Old Country Store Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit