Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 5.3% – Time to Sell?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) traded down 5.3% during trading on Tuesday . The stock traded as low as $47.44 and last traded at $47.45. 357,310 shares were traded during trading, a decline of 52% from the average session volume of 743,531 shares. The stock had previously closed at $50.09.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America boosted their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, September 20th. UBS Group reduced their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Stock Down 4.7 %

The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The business’s 50-day moving average is $42.20 and its two-hundred day moving average is $46.46. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.43.

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

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CBRL. Vanguard Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock valued at $190,263,000 after purchasing an additional 6,804 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Cracker Barrel Old Country Store by 0.4% during the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after buying an additional 7,587 shares during the period. Marshall Wace LLP acquired a new stake in Cracker Barrel Old Country Store in the 2nd quarter worth about $25,636,000. Principal Financial Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after buying an additional 381 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Cracker Barrel Old Country Store by 47.2% in the first quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock valued at $6,489,000 after buying an additional 28,627 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.