ValuEngine Upgrades Cracker Barrel Old Country Store (CBRL) to Buy

ValuEngine upgraded shares of Cracker Barrel Old Country Store (NASDAQ:CBRL) from a hold rating to a buy rating in a research report report published on Monday morning.

Other analysts also recently issued reports about the company. Maxim Group cut their target price on Cracker Barrel Old Country Store from $187.00 to $175.00 and set a buy rating on the stock in a research note on Wednesday, September 19th. BidaskClub upgraded Cracker Barrel Old Country Store from a hold rating to a buy rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a sell rating to a hold rating in a research note on Friday, August 17th. SunTrust Banks increased their target price on Cracker Barrel Old Country Store to $134.00 and gave the company a hold rating in a research note on Wednesday, September 19th. Finally, Gordon Haskett started coverage on Cracker Barrel Old Country Store in a research note on Thursday, October 18th. They set a hold rating and a $152.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Cracker Barrel Old Country Store presently has a consensus rating of Hold and a consensus price target of $160.00.

CBRL stock traded down $1.14 on Monday, reaching $170.19. 44,299 shares of the company traded hands, compared to its average volume of 333,850. Cracker Barrel Old Country Store has a one year low of $141.63 and a one year high of $179.12. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.12 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.36.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, September 18th. The restaurant operator reported $2.55 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.14). Cracker Barrel Old Country Store had a net margin of 8.17% and a return on equity of 35.81%. The business had revenue of $810.90 million for the quarter, compared to analysts’ expectations of $824.86 million. During the same quarter in the prior year, the business posted $2.23 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts expect 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 was paid on Monday, November 5th. Shareholders of record on Friday, October 19th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $5.00 annualized dividend and a dividend yield of 2.94%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 56.37%.

In other news, VP Laura A. Daily sold 2,740 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $145.60, for a total transaction of $398,944.00. Following the sale, the vice president now directly owns 11,392 shares of the company’s stock, valued at $1,658,675.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nicholas V. Flanagan sold 6,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $145.81, for a total transaction of $874,860.00. Following the sale, the vice president now directly owns 18,784 shares in the company, valued at $2,738,895.04. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.

Several hedge funds have recently bought and sold shares of CBRL. Fifth Third Bancorp raised its position in shares of Cracker Barrel Old Country Store by 128.0% during the 3rd quarter. Fifth Third Bancorp now owns 684 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 384 shares during the last quarter. FMR LLC acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $144,000. Stratos Wealth Partners LTD. acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $169,000. Wellington Shields Capital Management LLC acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at about $209,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth approximately $230,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Capital gains and your 401(k) or IRA

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

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