Cracker Barrel Old Country Store (CBRL) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a sell rating to a hold rating in a report published on Tuesday morning.

Several other equities research analysts also recently weighed in on CBRL. Zacks Investment Research raised Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Monday, June 11th. ValuEngine raised Cracker Barrel Old Country Store from a sell rating to a hold rating in a report on Saturday, June 16th. Maxim Group raised Cracker Barrel Old Country Store from a hold rating to a buy rating and increased their price target for the stock from $170.00 to $187.00 in a report on Thursday, July 26th. SunTrust Banks decreased their price target on Cracker Barrel Old Country Store to $146.00 and set a positive rating for the company in a report on Thursday, September 6th. Finally, Telsey Advisory Group decreased their price target on Cracker Barrel Old Country Store from $165.00 to $155.00 and set an outperform rating for the company in a report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $158.00.

Shares of NASDAQ CBRL opened at $150.31 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.84 and a quick ratio of 0.41. Cracker Barrel Old Country Store has a 1-year low of $141.63 and a 1-year high of $179.12. The firm has a market cap of $3.53 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.29 and a beta of 0.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.69 by ($0.14). Cracker Barrel Old Country Store had a return on equity of 35.81% and a net margin of 8.17%. The company had revenue of $810.90 million for the quarter, compared to analyst estimates of $824.86 million. During the same period in the prior year, the business earned $2.23 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Cracker Barrel Old Country Store will post 8.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Friday, October 19th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 56.37%.

In other Cracker Barrel Old Country Store news, VP Laura A. Daily sold 2,740 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $145.60, for a total value of $398,944.00. Following the completion of the sale, the vice president now owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Nicholas V. Flanagan sold 6,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $145.81, for a total value of $874,860.00. Following the completion of the sale, the vice president now directly owns 18,784 shares of the company’s stock, valued at approximately $2,738,895.04. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Naples Global Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 3.5% during the 2nd quarter. Naples Global Advisors LLC now owns 10,220 shares of the restaurant operator’s stock worth $1,596,000 after buying an additional 345 shares during the last quarter. IFG Advisory LLC raised its stake in shares of Cracker Barrel Old Country Store by 11.4% during the 2nd quarter. IFG Advisory LLC now owns 3,470 shares of the restaurant operator’s stock worth $542,000 after buying an additional 354 shares during the last quarter. Signature Wealth Management Group raised its stake in shares of Cracker Barrel Old Country Store by 2.1% during the 2nd quarter. Signature Wealth Management Group now owns 17,704 shares of the restaurant operator’s stock worth $2,766,000 after buying an additional 358 shares during the last quarter. Iberiabank Corp raised its stake in shares of Cracker Barrel Old Country Store by 3.2% during the 3rd quarter. Iberiabank Corp now owns 11,832 shares of the restaurant operator’s stock worth $1,741,000 after buying an additional 367 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 8.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,548 shares of the restaurant operator’s stock worth $711,000 after buying an additional 371 shares during the last quarter. 87.45% of the stock is owned by institutional investors.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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

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