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

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CBRL shares. UBS Group boosted their target price 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. Loop Capital boosted their target price 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. Truist Financial lifted their price target on 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. Piper Sandler lifted their price target on 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. Finally, StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Stock Up 5.5 %

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 company has a fifty day moving average price of $48.42 and a 200-day moving average price of $44.58. The stock has a market capitalization of $1.16 billion, a P/E ratio of 27.27, a PEG ratio of 2.07 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (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 firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period last year, the firm posted $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.81 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.92%. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares during the period. CWM LLC boosted its holdings 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 during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $45,000. Public Employees Retirement System of Ohio boosted its holdings 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. Hedge funds and other 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.