Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.27 and traded as high as $59.92. Cracker Barrel Old Country Store shares last traded at $59.86, with a volume of 1,097,328 shares trading hands.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of research reports. Bank of America boosted their price target 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. Citigroup reissued a "sell" rating and set a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial boosted their price objective on 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. Finally, Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.86.

Cracker Barrel Old Country Store Stock Performance

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The company has a 50 day moving average price of $52.88 and a 200 day moving average price of $50.51. The company has a market capitalization of $1.35 billion, a PE ratio of 23.45, a PEG ratio of 5.74 and a beta of 1.45.

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

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed 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 1.65%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 38.76%.

Insiders Place Their Bets

In other news, major shareholder Gmt Capital Corp purchased 105,900 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the completion of the transaction, the insider now 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 hyperlink. Insiders have acquired 385,307 shares of company stock valued at $15,679,910 over the last quarter. Insiders own 1.40% of the company's stock.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently bought and sold shares of CBRL. Bayforest Capital Ltd acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $342,000. Woodline Partners LP grew its holdings 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 worth $12,919,000 after buying an additional 257,301 shares in the last quarter. Caxton Associates LLP acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $423,000. Dynamic Technology Lab Private Ltd acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $1,065,000. Finally, Scientech Research LLC raised 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 valued at $733,000 after acquiring an additional 13,870 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

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.