Media stories about Cracker Barrel Old Country Store (NASDAQ:CBRL) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cracker Barrel Old Country Store earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.0730683653998 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Maxim Group reiterated a “hold” rating and set a $160.00 price target on shares of Cracker Barrel Old Country Store in a research report on Wednesday, November 22nd. Longbow Research cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Instinet reiterated a “neutral” rating and set a $158.00 price target (down from $162.00) on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 14th. Finally, Nomura dropped their price target on shares of Cracker Barrel Old Country Store from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $155.25.
Shares of Cracker Barrel Old Country Store (CBRL) traded down $3.44 during trading on Friday, reaching $158.89. 262,800 shares of the company were exchanged, compared to its average volume of 229,582. Cracker Barrel Old Country Store has a one year low of $141.75 and a one year high of $170.50. The company has a quick ratio of 0.42, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3,812.57, a P/E ratio of 19.17, a P/E/G ratio of 2.75 and a beta of 0.46.
Cracker Barrel Old Country Store declared that its Board of Directors has initiated a share repurchase program on Friday, September 29th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 0.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Friday, January 12th will be paid a $1.20 dividend. The ex-dividend date is Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a yield of 3.02%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 57.90%.
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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.
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