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

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) have received a consensus rating of “Hold” from the nine research firms that are presently covering the firm. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $162.81.

CBRL has been the subject of several recent analyst reports. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, December 1st. Zacks Investment Research raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Wednesday, November 23rd. Buckingham Research set a $161.00 price objective on shares of Cracker Barrel Old Country Store and gave the stock a “hold” rating in a research report on Tuesday, February 14th. Maxim Group downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating and increased their price objective for the stock from $118.02 to $170.00 in a research report on Monday, November 28th. Finally, Telsey Advisory Group increased their price objective on shares of Cracker Barrel Old Country Store from $150.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down 1.37% during midday trading on Monday, hitting $160.69. 80,667 shares of the company’s stock were exchanged. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 19.24 and a beta of 0.40. Cracker Barrel Old Country Store has a 52 week low of $130.15 and a 52 week high of $175.04. The company has a 50-day moving average of $161.18 and a 200-day moving average of $153.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 21st. The company reported $2.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.05. Cracker Barrel Old Country Store had a net margin of 6.74% and a return on equity of 34.26%. The firm earned $772.70 million during the quarter, compared to the consensus estimate of $783.86 million. During the same quarter in the prior year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Cracker Barrel Old Country Store will post $8.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Friday, April 14th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is 56.23%.

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In other news, Director Richard J. Dobkin sold 2,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $165.00, for a total transaction of $330,000.00. Following the completion of the sale, the director now owns 14,135 shares of the company’s stock, valued at $2,332,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of CBRL. Synovus Financial Corp boosted its position in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the company’s stock valued at $120,000 after buying an additional 6 shares during the last quarter. Pacad Investment Ltd. boosted its position in shares of Cracker Barrel Old Country Store by 16.2% in the fourth quarter. Pacad Investment Ltd. now owns 1,162 shares of the company’s stock valued at $194,000 after buying an additional 162 shares during the last quarter. Elkfork Partners LLC acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $201,000. LS Investment Advisors LLC boosted its position in shares of Cracker Barrel Old Country Store by 5.6% in the third quarter. LS Investment Advisors LLC now owns 1,544 shares of the company’s stock valued at $204,000 after buying an additional 82 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in shares of Cracker Barrel Old Country Store by 1.5% in the third quarter. BB&T Securities LLC now owns 1,695 shares of the company’s stock valued at $224,000 after buying an additional 25 shares during the last quarter. 85.69% of the stock is owned by institutional investors.

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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