Cracker Barrel Old Country Store, Inc. (CBRL) Stock Rating Reaffirmed by Maxim Group

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)‘s stock had its “hold” rating reiterated by Maxim Group in a research note issued to investors on Wednesday, May 17th. They currently have a $170.00 price objective on the restaurant operator’s stock. Maxim Group’s price target points to a potential upside of 4.09% from the company’s previous close.

The analysts wrote, “We maintain our Hold rating and $170 price target on Cracker Barrel Old Country Store (CBRL) ahead of the release of the company’s F3Q17 (May) earnings on Tuesday, May 23.””

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Finally, Buckingham Research set a $161.00 target price on shares of Cracker Barrel Old Country Store and gave the stock a “hold” rating in a research report on Tuesday, February 14th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus price target of $167.86.

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

Cracker Barrel Old Country Store (NASDAQ:CBRL) traded down 0.18% during midday trading on Wednesday, reaching $163.32. The company’s stock had a trading volume of 336,570 shares. The stock’s 50-day moving average price is $164.17 and its 200-day moving average price is $162.41. Cracker Barrel Old Country Store has a 12 month low of $130.15 and a 12 month high of $175.04. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.80 and a beta of 0.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, May 23rd. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.10. Cracker Barrel Old Country Store had a return on equity of 35.27% and a net margin of 6.80%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $713.06 million. During the same period last year, the company earned $1.82 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that Cracker Barrel Old Country Store will post $8.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 14th will be given a $1.20 dividend. This is an increase from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, July 12th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.62%.

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Several large investors have recently modified their holdings of CBRL. Synovus Financial Corp increased its stake in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Synovus Financial Corp now owns 902 shares of the restaurant operator’s stock valued at $120,000 after buying an additional 6 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 21.7% in the third quarter. Advisors Asset Management Inc. now owns 45,647 shares of the restaurant operator’s stock valued at $6,035,000 after buying an additional 8,144 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at about $1,172,000. Hyman Charles D increased its stake in shares of Cracker Barrel Old Country Store by 71.9% in the third quarter. Hyman Charles D now owns 24,975 shares of the restaurant operator’s stock valued at $3,302,000 after buying an additional 10,450 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of 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 restaurant operator’s stock valued at $46,296,000 after buying an additional 18,736 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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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