Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 3.2% - Should You Sell?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) dropped 3.2% on Tuesday . The company traded as low as $42.51 and last traded at $43.06. Approximately 142,262 shares changed hands during trading, a decline of 83% from the average daily volume of 824,191 shares. The stock had previously closed at $44.47.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBRL shares. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Citigroup upped their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a research note on Friday, March 7th. Truist Financial raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and boosted their price target for the company from $51.00 to $55.00 in a report on Monday, March 10th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Stock Performance

The stock has a 50-day moving average of $41.84 and a 200 day moving average of $48.93. The firm has a market capitalization of $964.88 million, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Insider Buying and Selling

In other news, major shareholder Gmt Capital Corp acquired 105,900 shares of Cracker Barrel Old Country Store stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the acquisition, the insider now owns 2,452,200 shares in the company, valued at $88,132,068. This represents a 4.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 190,700 shares of company stock worth $7,295,089 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock worth $666,000 after buying an additional 417 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after buying an additional 487 shares during the period. MetLife Investment Management LLC boosted its stake in Cracker Barrel Old Country Store by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after acquiring an additional 754 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 913 shares during the period. Institutional investors own 96.01% of the company's stock.

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.