Brokerages Set Cracker Barrel Old Country Store, Inc. (CBRL) PT at $162.81

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.

A number of analysts have issued reports on CBRL shares. Zacks Investment Research raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Friday, February 17th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Finally, Buckingham Research set a $161.00 price objective on Cracker Barrel Old Country Store and gave the stock a “hold” rating in a research report on Tuesday, February 14th.

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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 issued its earnings results on Tuesday, February 21st. The restaurant operator reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.05. Cracker Barrel Old Country Store had a return on equity of 34.26% and a net margin of 6.74%. The business earned $772.70 million during the quarter, compared to the consensus estimate of $783.86 million. During the same period last year, the company earned $1.91 EPS. The company’s revenue for the quarter 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 company also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Shareholders of record on Friday, April 14th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a 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%.

In other Cracker Barrel Old Country Store news, Director Richard J. Dobkin sold 2,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $165.00, for a total value of $330,000.00. Following the completion of the transaction, the director now directly owns 14,135 shares of the company’s stock, valued at approximately $2,332,275. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in CBRL. Norges Bank bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $34,415,000. Morgan Stanley boosted its position in shares of Cracker Barrel Old Country Store by 130.9% in the third quarter. Morgan Stanley now owns 253,378 shares of the restaurant operator’s stock valued at $33,503,000 after buying an additional 143,637 shares during the last quarter. Clinton Group Inc. bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $14,178,000. FMR LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $13,709,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Cracker Barrel Old Country Store by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 668,820 shares of the restaurant operator’s stock valued at $86,092,000 after buying an additional 76,099 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

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). 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

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