Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 52-Week Low at $54.82

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price reached a new 52-week low on Monday . The company traded as low as $54.82 and last traded at $54.89, with a volume of 543857 shares traded. The stock had previously closed at $56.17.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CBRL shares. UBS Group lowered their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Truist Financial lowered their price target on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Piper Sandler lowered their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Finally, Citigroup boosted their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.57.

Cracker Barrel Old Country Store Stock Performance

The company has a market capitalization of $1.20 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.98 and a beta of 1.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The stock’s fifty day simple moving average is $63.91 and its 200-day simple moving average is $70.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same quarter in the prior year, the company posted $1.48 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date was Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth approximately $10,727,000. Trexquant Investment LP acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $5,105,000. Verition Fund Management LLC increased its position in Cracker Barrel Old Country Store by 423.9% during the 4th quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock worth $6,308,000 after purchasing an additional 66,215 shares in the last quarter. Armistice Capital LLC acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $3,854,000. Finally, First Eagle Investment Management LLC grew its position in Cracker Barrel Old Country Store by 78.6% in the third quarter. First Eagle Investment Management LLC now owns 107,176 shares of the restaurant operator’s stock valued at $7,202,000 after acquiring an additional 47,167 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.