Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 5.2% – Here’s What Happened

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price was up 5.2% on Tuesday . The company traded as high as $51.91 and last traded at $51.91. Approximately 416,507 shares were traded during trading, a decline of 44% from the average daily volume of 738,341 shares. The stock had previously closed at $49.35.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBRL shares. Piper Sandler upped their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Bank of America upped their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Loop Capital upped their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. UBS Group upped their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Stock Up 5.5 %

The firm has a 50 day moving average of $48.42 and a 200 day moving average of $44.58. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.07 and a beta of 1.45. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the business earned $1.79 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.81 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. grew its position in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at $45,000. Public Employees Retirement System of Ohio grew its position in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at $79,000. 96.01% of the stock is currently owned by institutional investors.

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.