Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 4.7% – Here’s What Happened

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares were down 4.7% during mid-day trading on Friday . The stock traded as low as $55.20 and last traded at $54.00. Approximately 102,290 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 743,854 shares. The stock had previously closed at $56.66.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, November 18th. UBS Group increased their target price on shares of 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. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday. Bank of America raised their target price 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. Finally, Loop Capital upped their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 2.7 %

The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.41 and a beta of 1.45. 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 firm’s fifty day moving average is $52.62 and its two-hundred day moving average is $46.29.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently modified their holdings of CBRL. Future Financial Wealth Managment LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter worth about $45,000. Public Employees Retirement System of Ohio boosted 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 buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cracker Barrel Old Country Store in the third quarter worth approximately $79,000. GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 142.8% in the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 1,394 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Cracker Barrel Old Country Store by 26.3% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares during the last quarter. Institutional investors 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.