Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Down 13.5% in May

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 3,010,000 shares, a decrease of 13.5% from the April 30th total of 3,480,000 shares. Approximately 13.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

CBRL has been the topic of several analyst reports. Loop Capital cut their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Citigroup reissued a "sell" rating and issued a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Truist Financial set a $63.00 target price on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $54.00.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 105,900 shares of the company's stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the acquisition, the insider now directly owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. The trade was a 4.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is owned by company insiders.

Institutional Trading of Cracker Barrel Old Country Store

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth $30,000. Smartleaf Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $56,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

CBRL traded up $1.48 during midday trading on Wednesday, hitting $57.77. 1,007,333 shares of the company traded hands, compared to its average volume of 807,991. The business has a 50 day simple moving average of $46.99 and a two-hundred day simple moving average of $49.78. Cracker Barrel Old Country Store has a 52-week low of $33.86 and a 52-week high of $65.43. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 8.36 and a beta of 1.36. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

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.

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