Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.57 and traded as high as $57.84. Cracker Barrel Old Country Store shares last traded at $52.97, with a volume of 980,399 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, November 18th. Piper Sandler raised their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Truist Financial raised their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, UBS Group raised their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average price of $56.35 and a 200 day moving average price of $48.57. The company has a market capitalization of $1.18 billion, a P/E ratio of 29.27, a P/E/G ratio of 10.38 and a beta of 1.48.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders 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 dividend yield of 1.89%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in Cracker Barrel Old Country Store by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock worth $480,000 after purchasing an additional 618 shares during the last quarter. Creative Planning lifted its holdings in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock worth $533,000 after purchasing an additional 804 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $279,000. Handelsbanken Fonder AB acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $212,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Cracker Barrel Old Country Store by 15.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 31,461 shares of the restaurant operator’s stock worth $1,427,000 after purchasing an additional 4,292 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

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.