Today, Cracker Barrel Old Country Store Inc. (CBRL) PT Raised to $170.00

Today, Cracker Barrel Old Country Store Inc. (CBRL) PT Raised to $170.00
Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) had its price objective lifted by equities researchers at Telsey Advisory Group from $150.00 to $170.00 in a report issued on Wednesday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective points to a potential upside of 2.63% from the stock’s previous close.

CBRL has been the subject of a number of other research reports. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Thursday, September 22nd. Maxim Group increased their price objective on Cracker Barrel Old Country Store from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 15th. Bank of America Corp. reaffirmed a “sell” rating and issued a $140.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 15th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $132.50 price target (down previously from $164.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $162.50.

Shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) opened at 165.64 on Wednesday. Cracker Barrel Old Country Store has a 52 week low of $118.01 and a 52 week high of $172.89. The firm’s 50-day moving average is $139.87 and its 200-day moving average is $151.56. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 21.07 and a beta of 0.31.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.17. The firm earned $710 million during the quarter, compared to analyst estimates of $713.73 million. Cracker Barrel Old Country Store had a return on equity of 34.15% and a net margin of 6.74%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Equities research analysts predict that Cracker Barrel Old Country Store will post $8.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Shareholders of record on Friday, January 13th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, January 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 56.23%.

A number of institutional investors have recently made changes to their positions in CBRL. Bellwether Investment Group LLC purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $107,000. Americafirst Capital Management LLC purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $128,000. Synovus Financial Corp raised 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 in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 956 shares of the company’s stock valued at $164,000 after buying an additional 55 shares in the last quarter. Finally, Seven Eight Capital LLC raised its position in shares of Cracker Barrel Old Country Store by 2,052.2% in the second quarter. Seven Eight Capital LLC now owns 990 shares of the company’s stock valued at $170,000 after buying an additional 944 shares in the last quarter. 83.91% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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