Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 5.2% – Here’s Why

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares were up 5.2% on Thursday . The company traded as high as $57.28 and last traded at $57.03. Approximately 119,406 shares were traded during trading, a decline of 84% from the average daily volume of 736,380 shares. The stock had previously closed at $54.22.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. UBS Group upped their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Piper Sandler boosted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Loop Capital lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Stock Up 5.1 %

The business’s 50 day simple moving average is $50.18 and its 200 day simple moving average is $44.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The company has a market capitalization of $1.27 billion, a PE ratio of 31.50, a P/E/G ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.75%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its stake in Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth about $45,000. Public Employees Retirement System of Ohio increased its stake 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. Finally, nVerses Capital LLC grew its holdings in shares of 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 in the last quarter. 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.