Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 6% – Here’s Why

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded up 6% during mid-day trading on Friday . The company traded as high as $51.37 and last traded at $51.33. 76,718 shares were traded during trading, a decline of 90% from the average session volume of 738,803 shares. The stock had previously closed at $48.42.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CBRL shares. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, UBS Group reduced their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Stock Up 0.7 %

The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The business’s 50 day moving average price is $42.70 and its 200-day moving average price is $46.37. The firm has a market capitalization of $1.08 billion, a PE ratio of 18.94, a P/E/G ratio of 1.23 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 earnings per share. As a group, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd 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 during the last quarter. CWM LLC grew its holdings in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $45,000. GAMMA Investing LLC lifted its position in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. Finally, nVerses Capital LLC lifted its position in Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds 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.