Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 5.2% - Should You Buy?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) shot up 5.2% during trading on Tuesday . The stock traded as high as $64.05 and last traded at $64.25. 60,154 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 846,634 shares. The stock had previously closed at $61.08.

Wall Street Analysts Forecast Growth

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

Cracker Barrel Old Country Store Price Performance

The stock has a fifty day simple moving average of $54.92 and a 200-day simple moving average of $50.94. The company has a market capitalization of $1.51 billion, a PE ratio of 26.24, a P/E/G ratio of 6.33 and a beta of 1.45. 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 issued its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 16.83% and a net margin of 1.65%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's payout ratio is 38.76%.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 53,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was bought at an average price of $41.84 per share, for a total transaction of $2,217,520.00. Following the completion of the purchase, the insider directly owned 2,674,800 shares of the company's stock, valued at approximately $111,913,632. The trade was a 2.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 279,407 shares of company stock valued at $11,873,864. Company insiders own 1.40% of the company's stock.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently made changes to their positions in CBRL. Sterling Capital Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC grew its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 913 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds 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.