Cracker Barrel Old Country Store (NASDAQ:CBRL) Sets New 12-Month High - Should You Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial lifted their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Loop Capital lifted their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. UBS Group restated a "neutral" rating and issued a $60.00 target price (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Bank of America lifted their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Finally, Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Two 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, the company has an average rating of "Hold" and an average price target of $53.86.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. The stock has a 50 day moving average price of $55.40 and a two-hundred day moving average price of $51.03. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 6.23 and a beta of 1.45.

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

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.48%. Cracker Barrel Old Country Store's payout ratio is 38.76%.

Insider Buying and Selling

In related news, major shareholder Gmt Capital Corp bought 53,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average cost of $41.84 per share, with a total value of $2,217,520.00. Following the purchase, the insider directly owned 2,674,800 shares of the company's stock, valued at $111,913,632. This trade represents a 2.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 279,407 shares of company stock worth $11,873,864. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bayforest Capital Ltd acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth $342,000. Woodline Partners LP grew its stake in Cracker Barrel Old Country Store by 340.8% during the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock worth $12,919,000 after purchasing an additional 257,301 shares in the last quarter. Caxton Associates LLP acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth $423,000. Dynamic Technology Lab Private Ltd acquired a new position in Cracker Barrel Old Country Store during the 1st quarter worth $1,065,000. Finally, Scientech Research LLC grew its stake in Cracker Barrel Old Country Store by 276.2% during the 1st quarter. Scientech Research LLC now owns 18,892 shares of the restaurant operator's stock worth $733,000 after purchasing an additional 13,870 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

About Cracker Barrel Old Country Store

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.