Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 5.6% - What's Next?

Key Points

• Shares down 5.6%: Cracker Barrel fell to about $29.34 on Monday (low $29.27) with ~250,774 shares traded—roughly 80% below its average daily volume—and a market cap near $650 million, trading around its 50/200-day moving averages (~$29–$30).
• Mixed fundamental results: The company reported Q1 EPS of $0.25 (vs. -$0.10 est.) and revenue of $874.8M (beat $862.9M) but revenue was down 7.9% year‑over‑year, the firm shows a negative net margin and a negative P/E (~-161.6), and analysts model -1.07 EPS for the year.
• Analyst and shareholder backdrop: MarketBeat shows a consensus "Hold" with an average target of $37.75 amid mixed analyst ratings, the firm declared a $0.25 quarterly dividend (3.4% yield) despite a negative payout ratio, and roughly 96% of shares are held by institutions.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was down 5.6% during trading on Monday . The company traded as low as $29.27 and last traded at $29.3420. Approximately 250,774 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,260,749 shares. The stock had previously closed at $31.09.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CBRL shares. Freedom Capital upgraded Cracker Barrel Old Country Store to a "strong-buy" rating in a research note on Monday, April 6th. UBS Group boosted their target price on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th. Citigroup raised their target price on shares of Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Cracker Barrel Old Country Store in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and an average target price of $37.75.

Cracker Barrel Old Country Store Stock Performance

The company has a market capitalization of $649.94 million, a P/E ratio of -161.55 and a beta of 1.29. The business has a 50 day moving average of $29.43 and a 200 day moving average of $30.14. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.35. The business had revenue of $874.82 million for the quarter, compared to the consensus estimate of $862.89 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The company's revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. On average, sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Friday, April 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. Cracker Barrel Old Country Store's dividend payout ratio is presently -555.56%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in shares of Cracker Barrel Old Country Store by 19.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator's stock worth $64,327,000 after buying an additional 237,741 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator's stock valued at $40,982,000 after acquiring an additional 923,409 shares during the last quarter. State Street Corp grew its position in Cracker Barrel Old Country Store by 1.1% in the fourth quarter. State Street Corp now owns 872,995 shares of the restaurant operator's stock worth $22,174,000 after acquiring an additional 9,332 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Cracker Barrel Old Country Store by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator's stock worth $32,756,000 after acquiring an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $43,930,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.