Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 2.7% – Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price was up 2.7% during mid-day trading on Tuesday . The stock traded as high as $40.92 and last traded at $39.89. Approximately 119,731 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 810,518 shares. The stock had previously closed at $38.82.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CBRL shares. Bank of America boosted their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd. Loop Capital dropped their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $55.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.13.

Cracker Barrel Old Country Store Stock Up 6.3 %

The business’s fifty day moving average price is $48.92 and its two-hundred day moving average price is $49.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a market capitalization of $918.70 million, a P/E ratio of 22.77, a PEG ratio of 8.36 and a beta of 1.57.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 62.11%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently made changes to their positions in CBRL. Sterling Capital Management LLC grew its stake in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after buying an additional 487 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after acquiring an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $56,000. Public Employees Retirement System of Ohio raised its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $79,000. 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.