The stock of Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) last traded at $111.12, up 1.60% from the previous session.
Data from the available sources indicates that Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) is covered by 10 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $92.00, we find $106.00. Given the previous closing price of $109.37, this indicates a potential downside of -3.08 percent. CBRL stock price is now 3.03% away from the 50-day moving average and 8.34% away from the 200-day moving average. The market capitalization of the company currently stands at $2.50B.
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In total, 6 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $106.75 as their price target over the next twelve months.
On December 16, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $105, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
Insiders disposed of 23,158 shares of company stock worth roughly $2.57 million over the past 1 year. A total of 2.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CBRL stock. A new stake in Cracker Barrel Old Country Store Inc. shares was purchased by MASSACHUSETTS FINANCIAL SERVICES CO /MA/ during the first quarter worth $8,641,000. CWA ASSET MANAGEMENT GROUP, LLC invested $3,435,000 in shares of CBRL during the first quarter. In the first quarter, ELLERSON GROUP INC /ADV acquired a new stake in Cracker Barrel Old Country Store Inc. valued at approximately $1,850,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CBRL for approximately $1,780,000. ALPHACREST CAPITAL MANAGEMENT LLC purchased a new stake in CBRL valued at around $1,239,000 in the second quarter. In total, there are 412 active investors with 90.30% ownership of the company’s stock.
With an opening price of $110.81 on Tuesday morning, Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) set off the trading day. During the past 12 months, Cracker Barrel Old Country Store Inc. has had a low of $81.87 and a high of $126.32. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.70, and a quick ratio of 0.30. The fifty day moving average price for CBRL is $108.14 and a two-hundred day moving average price translates $102.62 for the stock.
The latest earnings results from Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) was released for Oct, 2022. According to the Restaurants Company, earnings per share came in at $0.99, missing analysts’ expectations of $1.22 by -0.23. This compares to $1.60 EPS in the same period last year. The net profit margin was 3.20% and return on equity was 21.20% for CBRL. The company reported revenue of $933.87 million for the quarter, compared to $862.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.3 percent. For the current quarter, analysts expect CBRL to generate $917.47M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/09/2023. Investors who held shares on 04/14/2023 were paid a $1.30 dividend. On an annualized basis, this represents a $5.20 dividend and a 4.68% percent yield. There was an ex-dividend date of 04/13/2023 for this dividend. In terms of dividend payout ratio, CBRL is presently at 108.10%.
Cracker Barrel Old Country Store Inc.(CBRL) Company Profile
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company’s Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company’s gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 14, 2022, it operated 664 Cracker Barrel stores in 45 states. The company was incorporated in 1969 and is headquartered in Lebanon, Tennessee.
