Cracker Barrel Old Country Store (CBRL) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a sell rating in a research report sent to investors on Friday, January 19th.

Several other brokerages also recently weighed in on CBRL. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a hold rating to a buy rating and set a $195.00 target price for the company in a research note on Wednesday, January 10th. SunTrust Banks reaffirmed a hold rating and issued a $163.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, January 3rd. Longbow Research cut Cracker Barrel Old Country Store from a buy rating to a neutral rating in a report on Wednesday, November 22nd. Finally, Maxim Group reissued a hold rating and issued a $160.00 target price (up from $155.00) on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $161.13.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded up $2.51 during midday trading on Friday, reaching $170.19. The company’s stock had a trading volume of 326,405 shares, compared to its average volume of 320,978. The company has a quick ratio of 0.42, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store has a 1 year low of $141.75 and a 1 year high of $179.12. The stock has a market capitalization of $4,077.43, a P/E ratio of 20.53, a P/E/G ratio of 1.99 and a beta of 0.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, November 21st. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.06. The company had revenue of $710.40 million during the quarter, compared to the consensus estimate of $718.85 million. Cracker Barrel Old Country Store had a return on equity of 35.14% and a net margin of 6.83%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 EPS. equities research analysts forecast that Cracker Barrel Old Country Store will post 9.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, January 12th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $4.80 dividend on an annualized basis and a yield of 2.82%. Cracker Barrel Old Country Store’s payout ratio is 57.90%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC boosted its position in shares of Cracker Barrel Old Country Store by 1.2% in the 4th quarter. Teachers Advisors LLC now owns 34,690 shares of the restaurant operator’s stock worth $5,512,000 after purchasing an additional 400 shares during the last quarter. Raymond James & Associates boosted its position in shares of Cracker Barrel Old Country Store by 38.7% in the 4th quarter. Raymond James & Associates now owns 9,616 shares of the restaurant operator’s stock worth $1,528,000 after purchasing an additional 2,684 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth $548,000. QS Investors LLC boosted its position in shares of Cracker Barrel Old Country Store by 484.4% in the 4th quarter. QS Investors LLC now owns 10,034 shares of the restaurant operator’s stock worth $1,594,000 after purchasing an additional 8,317 shares during the last quarter. Finally, Jefferies Group LLC boosted its position in shares of Cracker Barrel Old Country Store by 153.1% in the 4th quarter. Jefferies Group LLC now owns 7,432 shares of the restaurant operator’s stock worth $1,181,000 after purchasing an additional 21,432 shares during the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.

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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.

Analyst Recommendations for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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