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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock. One research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $154.25.

A number of analysts have recently weighed in on the company. Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Zacks Investment Research cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Buckingham Research assumed coverage on Cracker Barrel Old Country Store in a research report on Monday, January 30th. They issued a “neutral” rating and a $161.00 target price on the stock.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 155.88 on Friday. The company has a 50 day moving average price of $159.35 and a 200-day moving average price of $154.86. Cracker Barrel Old Country Store has a 1-year low of $130.15 and a 1-year high of $175.04. The stock has a market capitalization of $3.75 billion, a P/E ratio of 18.67 and a beta of 0.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 21st. The company reported $2.19 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 company had revenue of $772.70 million for the quarter, compared to the consensus estimate of $783.86 million. During the same quarter last year, the business posted $1.91 EPS. Cracker Barrel Old Country Store’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Cracker Barrel Old Country Store will post $8.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Friday, April 14th will be paid a $1.15 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.95%. Cracker Barrel Old Country Store’s payout ratio is presently 56.23%.

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In other 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 transaction, the director now directly owns 14,135 shares in the company, valued at $2,332,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in Cracker Barrel Old Country Store by 5.9% in the third quarter. BlackRock Fund Advisors now owns 1,178,011 shares of the company’s stock worth $155,757,000 after buying an additional 65,256 shares during the period. Ameriprise Financial Inc. increased its stake in Cracker Barrel Old Country Store by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 668,820 shares of the company’s stock worth $86,092,000 after buying an additional 76,099 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Cracker Barrel Old Country Store by 5.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 350,154 shares of the company’s stock worth $46,296,000 after buying an additional 18,736 shares during the period. Bank of New York Mellon Corp increased its stake in Cracker Barrel Old Country Store by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 340,574 shares of the company’s stock worth $45,030,000 after buying an additional 2,781 shares during the period. Finally, Schroder Investment Management Group increased its stake in Cracker Barrel Old Country Store by 13.8% in the third quarter. Schroder Investment Management Group now owns 254,869 shares of the company’s stock worth $33,699,000 after buying an additional 30,989 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.

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

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