On March 24, 2023,
Argus Research
upgraded
their outlook for Cracker Barrel Old Country Store (NASDAQ:CBRL) from Hold to Buy.
Analyst Price Forecast Suggests 3.27% Downside
As of March 24, 2023,
the average one-year price target for Cracker Barrel Old Country Store is $108.88.
The forecasts range from a low of $92.92 to a high of $136.50.
The average price target represents a decrease of 3.27% from its latest reported closing price of $112.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cracker Barrel Old Country Store
is $3,557MM, an increase of 4.80%.
The projected annual non-GAAP EPS
is $5.97.
Cracker Barrel Old Country Store Declares $1.30 Dividend
On February 28, 2023 the company declared a regular
quarterly dividend of $1.30 per share ($5.20 annualized).
Shareholders of record as of April 14, 2023
will receive the payment on May 9, 2023.
Previously, the company paid $1.30 per share.
At the current share price of $112.57 / share,
the stock’s dividend yield is 4.62%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.10%,
the lowest has been 2.54%,
and the highest has been 10.70%.
The standard deviation of yields is 1.37 (n=189).
The current dividend yield is
0.35 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 1.06.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.37%.
What are Large Shareholders Doing?
Biglari Capital
holds 2,000K shares
representing 9.03% ownership of the company.
No change in the last quarter.
Earnest Partners
holds 1,909K shares
representing 8.62% ownership of the company.
In it’s prior filing, the firm reported owning 1,757K shares, representing
an increase
of 7.96%.
The firm
increased
its portfolio allocation in CBRL by 1.45% over the last quarter.
Bank Of America
holds 702K shares
representing 3.17% ownership of the company.
In it’s prior filing, the firm reported owning 799K shares, representing
a decrease
of 13.81%.
The firm
decreased
its portfolio allocation in CBRL by 99.91% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 685K shares
representing 3.09% ownership of the company.
In it’s prior filing, the firm reported owning 664K shares, representing
an increase
of 3.02%.
The firm
decreased
its portfolio allocation in CBRL by 7.89% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 669K shares
representing 3.02% ownership of the company.
In it’s prior filing, the firm reported owning 673K shares, representing
a decrease
of 0.60%.
The firm
decreased
its portfolio allocation in CBRL by 6.06% over the last quarter.
What is the Fund Sentiment?
There are 625 funds or institutions reporting positions in Cracker Barrel Old Country Store.
This is a decrease
of
5
owner(s) or 0.79% in the last quarter.
Average portfolio weight of all funds dedicated to CBRL is 0.19%,
a decrease
of 16.22%.
Total shares owned by institutions decreased
in the last three months by 1.23% to 22,191K shares.
The put/call ratio of CBRL is 0.96, indicating a
bullish
outlook.
Cracker Barrel Old Country Store Background Information
(This description is provided by the company.)
Cracker Barrel Old Country Store, Inc. shares warm welcomes and friendly service while offering guests high-quality homestyle food and unique shopping – all at a fair price. By creating a world filled with hospitality through an experience that combines dining and shopping, guests are cared for like family. Established in 1969 in Lebanon, Tenn., Cracker Barrel and its affiliates operate more than 660 company-owned Cracker Barrel Old Country Store® locations in 45 states and own the fast-casual Maple Street Biscuit Company.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
