Cracker Barrel (NASDAQ:CBRL) had its price objective cut by Bank of America from $155.00 to $150.00 in a report released on Tuesday, April 10th. They currently have an underperform rating on the restaurant operator’s stock.
A number of other research analysts have also recently commented on CBRL. SunTrust Banks set a $165.00 target price on Cracker Barrel and gave the company a hold rating in a research note on Tuesday, February 6th. Zacks Investment Research raised Cracker Barrel from a hold rating to a buy rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 10th. Telsey Advisory Group restated a market perform rating and set a $175.00 target price (up previously from $170.00) on shares of Cracker Barrel in a report on Thursday, February 15th. BidaskClub upgraded Cracker Barrel from a sell rating to a hold rating in a report on Wednesday, April 4th. Finally, Maxim Group reiterated a hold rating on shares of Cracker Barrel in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Cracker Barrel has an average rating of Hold and an average target price of $162.50.
NASDAQ:CBRL opened at $164.77 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3,927.47, a P/E ratio of 19.69, a PEG ratio of 2.24 and a beta of 0.62. Cracker Barrel has a 12 month low of $141.75 and a 12 month high of $179.12.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Stockholders of record on Friday, April 13th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, April 12th. Cracker Barrel’s dividend payout ratio (DPR) is presently 57.35%.
Large investors have recently bought and sold shares of the company. APG Asset Management N.V. lifted its stake in Cracker Barrel by 80.8% in the 4th quarter. APG Asset Management N.V. now owns 307,400 shares of the restaurant operator’s stock valued at $40,675,000 after buying an additional 137,400 shares in the last quarter. BlackRock Inc. lifted its stake in Cracker Barrel by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,327,076 shares of the restaurant operator’s stock valued at $369,748,000 after buying an additional 39,966 shares in the last quarter. AXA lifted its stake in Cracker Barrel by 49.3% in the 3rd quarter. AXA now owns 105,700 shares of the restaurant operator’s stock valued at $16,026,000 after buying an additional 34,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cracker Barrel by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 415,497 shares of the restaurant operator’s stock worth $62,997,000 after purchasing an additional 31,884 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Cracker Barrel by 6.2% in the 4th quarter. Bank of New York Mellon Corp now owns 417,814 shares of the restaurant operator’s stock worth $66,387,000 after purchasing an additional 24,476 shares in the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock.
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About Cracker Barrel
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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