Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 11.7% – What’s Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price rose 11.7% during trading on Monday . The company traded as high as $54.06 and last traded at $54.06. Approximately 243,421 shares changed hands during trading, a decline of 67% from the average daily volume of 727,519 shares. The stock had previously closed at $48.41.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Bank of America boosted their price objective on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, November 15th. Loop Capital cut their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. UBS Group dropped their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $51.25.

Cracker Barrel Old Country Store Price Performance

The company has a 50-day moving average of $46.22 and a 200-day moving average of $44.53. 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 stock has a market cap of $1.15 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.37 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the previous year, the firm posted $1.79 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 1.92%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. MML Investors Services LLC purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $213,000. iSAM Funds UK Ltd purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $238,000. Point72 DIFC Ltd purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $264,000. Finally, Point72 Asset Management L.P. purchased a new position in Cracker Barrel Old Country Store during the third quarter worth about $2,526,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.