Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Update

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 2,430,000 shares, a decrease of 12.9% from the November 15th total of 2,790,000 shares. Based on an average daily trading volume, of 736,700 shares, the short-interest ratio is currently 3.3 days. Approximately 11.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Monday, November 18th. Piper Sandler increased their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Loop Capital increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $51.24 on Friday. The company has a market capitalization of $1.14 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 2.15 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. The firm has a 50 day moving average of $48.81 and a 200 day moving average of $44.75. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store will post 2.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in Cracker Barrel Old Country Store by 30.3% in the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock worth $280,000 after purchasing an additional 1,498 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in 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 worth $61,000 after purchasing an additional 247 shares during the last quarter. MML Investors Services LLC purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $213,000. iSAM Funds UK Ltd purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $238,000. Finally, Point72 DIFC Ltd purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth approximately $264,000. 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.