Cracker Barrel Old Country Store, Inc. ( NASDAQ:CBRL – Get Free Report )’s share price traded up 5.2% during mid-day trading on Thursday . The company traded as high as $57.28 and last traded at $57.03. 119,406 shares traded hands during trading, a decline of 84% from the average session volume of 736,380 shares. The stock had previously closed at $54.22. Analysts Set New Price Targets CBRL has been the subject of a number of recent analyst reports. Loop Capital increased their price target on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, November 15th. UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, November 18th. Finally, Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.25. View Our Latest Research Report on Cracker Barrel Old Country Store Cracker Barrel Old Country Store Trading Down 0.8 % Cracker Barrel Old Country Store Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. Cracker Barrel Old Country Store’s dividend payout ratio is 55.25%. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. Point72 Asset Management L.P. purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $2,526,000. Charles Schwab Investment Management Inc. raised its position in Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after acquiring an additional 111,892 shares in the last quarter. PDT Partners LLC lifted its stake in Cracker Barrel Old Country Store by 199.3% in the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock valued at $1,357,000 after acquiring an additional 19,925 shares during the last quarter. BNP Paribas Financial Markets grew its position in Cracker Barrel Old Country Store by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock worth $1,389,000 after acquiring an additional 13,040 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $1,016,000. Hedge funds and other institutional investors own 96.01% of the company’s stock. Cracker Barrel Old Country Store Company Profile ( Get Free Report ) 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 restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services. Featured Stories Receive News & Ratings for Cracker Barrel Old Country Store Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cracker Barrel Old Country Store and related companies with MarketBeat.com's FREE daily email newsletter .Celtics host Pistons looking to avoid first back-to-back losses
DOHA, Qatar , Dec. 28, 2024 /PRNewswire/ -- On December 25, 2024 , the First JETOUR Fan's Festival and the Launch of T2 i-DM was held in Qatar , themed "Think Future". During the event, JETOUR launched its user brand "Traveler" in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR's commitment to exploring sustainable travel modes and ambition to become the "The World's Leading Brand in Hybrid Off-road Vehicles" under the "Travel+" strategy. JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel. Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology's role in producing world-class products. The launch also introduced "Traveler", enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan's Festival invited user representatives from across the Middle East to witness the unveiling of "Traveler", experiencing "Travel+" culture through city tours and co-creation workshops. JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through "Traveler," JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the "Travel+" culture worldwide. Mr. Alex Tan , Vice President of JETOUR International, said, "Serving 'JETOUR users' and being 'a user-oriented JETOUR' are JETOUR's development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users." JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East , embodying JETOUR Speed and the brand's image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers' needs and reshape the hybrid SUV market. The launch of T2 i-DM marks JETOUR's new journey towards "the World's Leading Brand in Hybrid Off-road Vehicles." JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future. View original content to download multimedia: https://www.prnewswire.com/news-releases/global-launch-of-jetour-t2-i-dm-reshaping-the-hybrid-suv-market-302339886.html SOURCE JETOUR AUTO