Cracker Barrel Old Country Store (NASDAQ:CBRL) Sets New 1-Year High - Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $66.42 and last traded at $64.59, with a volume of 1131076 shares. The stock had previously closed at $61.08.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Loop Capital lifted their price objective on 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. Citigroup reiterated a "sell" rating and issued a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Bank of America lifted their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Finally, UBS Group reaffirmed a "neutral" rating and set a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of "Hold" and a consensus price target of $53.86.

Cracker Barrel Old Country Store Stock Up 5.2%

The stock has a market cap of $1.51 billion, a PE ratio of 26.33, a P/E/G ratio of 5.69 and a beta of 1.45. The business has a 50 day moving average of $53.95 and a 200-day moving average of $50.72. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04.

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

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's dividend payout ratio is presently 38.76%.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 105,900 shares of the stock in a transaction on Friday, April 4th. The shares were bought at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the acquisition, the insider owned 2,452,200 shares of the company's stock, valued at $88,132,068. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have acquired 385,307 shares of company stock valued at $15,679,910. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBRL. Sterling Capital Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its stake 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 worth $52,000 after purchasing an additional 913 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $56,000. 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.