Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 52-Week Low at $38.51

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $38.51 and last traded at $38.60, with a volume of 459275 shares changing hands. The stock had previously closed at $40.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CBRL shares. Truist Financial dropped their price objective on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup dropped their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. Finally, CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.14.

Cracker Barrel Old Country Store Trading Up 3.1 %

The company’s fifty day moving average price is $46.98 and its two-hundred day moving average price is $62.12. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The firm has a market cap of $910.42 million, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, sell-side analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be given a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. Cracker Barrel Old Country Store’s dividend payout ratio is 191.88%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently bought and sold shares of the stock. Fidelis Capital Partners LLC raised its holdings in Cracker Barrel Old Country Store by 0.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after buying an additional 134 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 7.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after acquiring an additional 253 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after acquiring an additional 274 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after acquiring an additional 306 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Cracker Barrel Old Country Store by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,743 shares of the restaurant operator’s stock valued at $2,236,000 after buying an additional 368 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.