Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 52-Week Low at $40.11

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $40.11 and last traded at $40.61, with a volume of 456400 shares. The stock had previously closed at $42.16.

Analyst Ratings Changes

Several brokerages have weighed in on CBRL. Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research report on Friday, May 31st. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, May 16th. CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Friday, May 17th. Truist Financial reduced their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, Loop Capital reduced their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.14.

Cracker Barrel Old Country Store Stock Performance

The stock has a market capitalization of $875.57 million, a P/E ratio of 14.55, a P/E/G ratio of 0.90 and a beta of 1.43. The company’s 50-day moving average is $49.65 and its two-hundred day moving average is $63.84. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.32. The firm had revenue of $817.14 million for the quarter, compared to the consensus estimate of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. Cracker Barrel Old Country Store’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 2.54%. Cracker Barrel Old Country Store’s payout ratio is 191.88%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $32,000. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store during the 1st quarter valued at about $73,000. Security National Bank acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $81,000. Newbridge Financial Services Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 85.2% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock worth $91,000 after purchasing an additional 575 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 788 shares during the last quarter. Institutional investors and hedge funds 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.