Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Up 3.2%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shot up 3.2% during trading on Monday . The company traded as high as $45.11 and last traded at $45.08. 231,767 shares were traded during trading, a decline of 70% from the average session volume of 761,932 shares. The stock had previously closed at $43.69.

Analyst Ratings Changes

A number of research firms have recently commented on CBRL. CL King downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Friday, May 17th. Bank of America lowered their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Citigroup lowered their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, May 31st. Finally, Truist Financial lowered their price target on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $59.86.

Cracker Barrel Old Country Store Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The business has a 50 day simple moving average of $44.43 and a two-hundred day simple moving average of $59.27. The firm has a market cap of $1.00 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. The business had revenue of $817.14 million for the quarter, compared to analyst estimates 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 business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its stake in Cracker Barrel Old Country Store by 63.7% in the fourth quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after purchasing an additional 6,925 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Cracker Barrel Old Country Store in the fourth quarter valued at about $2,935,000. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at about $73,000. Duality Advisers LP grew its stake in Cracker Barrel Old Country Store by 196.5% in the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after purchasing an additional 33,751 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cracker Barrel Old Country Store by 29.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock valued at $349,000 after purchasing an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.