Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 12-Month High - Still a Buy?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $70.74 and last traded at $70.07, with a volume of 159249 shares traded. The stock had previously closed at $68.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Loop Capital boosted their price target on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, June 6th. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. 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 research note on Friday, May 23rd. Finally, UBS Group reissued a "neutral" rating and issued a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $55.14.

Cracker Barrel Old Country Store Stock Down 1.6%

The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 6.22 and a beta of 1.45. The firm's fifty day simple moving average is $60.95 and its 200 day simple moving average is $52.22.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. During the same quarter in the previous year, the business posted $0.88 EPS. The firm's revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. Cracker Barrel Old Country Store's dividend payout ratio is presently 38.76%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 53,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $44.60 per share, for a total transaction of $2,363,800.00. Following the transaction, the insider owned 2,833,700 shares of the company's stock, valued at $126,383,020. This represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have purchased 141,607 shares of company stock worth $6,104,231. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,879 shares of the restaurant operator's stock worth $1,214,000 after buying an additional 311 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Cracker Barrel Old Country Store by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,258 shares of the restaurant operator's stock worth $809,000 after buying an additional 924 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $249,000. Bayforest Capital Ltd purchased a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $342,000. Finally, Woodline Partners LP raised its position in Cracker Barrel Old Country Store by 340.8% in the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock valued at $12,919,000 after purchasing an additional 257,301 shares during the last quarter. Hedge funds and other 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.