Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 52-Week Low at $40.11

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $40.11 and last traded at $40.61, with a volume of 456400 shares traded. The stock had previously closed at $42.16.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Citigroup decreased their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a report on Friday, May 31st. Loop Capital cut their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Piper Sandler decreased their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, Truist Financial lowered their target price on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $62.14.

Cracker Barrel Old Country Store Trading Down 3.2 %

The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $50.43 and its two-hundred day simple moving average is $64.39. The stock has a market capitalization of $905.98 million, a P/E ratio of 15.56, a P/E/G ratio of 0.90 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, beating the consensus estimate of $0.56 by $0.32. The firm had revenue of $817.14 million during the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. As a group, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.88 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is 191.88%.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBRL. Norges Bank acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $10,727,000. Verition Fund Management LLC raised its stake in Cracker Barrel Old Country Store by 423.9% during the fourth quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock worth $6,308,000 after acquiring an additional 66,215 shares in the last quarter. Armistice Capital LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $3,854,000. Envestnet Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 162.6% during the third quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock valued at $5,017,000 after acquiring an additional 46,232 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at $2,909,000. Institutional investors own 96.01% of the company’s stock.

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 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.