Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 4% - What's Next?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) fell 4% during trading on Thursday . The company traded as low as $54.77 and last traded at $55.44. 300,613 shares were traded during mid-day trading, a decline of 63% from the average session volume of 806,170 shares. The stock had previously closed at $57.77.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of analyst reports. Citigroup reaffirmed a "sell" rating and issued 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 research note on Monday, March 10th. Truist Financial set a $63.00 target price on Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.00.

Cracker Barrel Old Country Store Stock Performance

The company has a market capitalization of $1.23 billion, a P/E ratio of 30.63, a PEG ratio of 8.36 and a beta of 1.36. The stock's fifty day moving average price is $47.29 and its 200-day moving average price is $49.81. 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 (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same quarter last year, the firm posted $0.88 EPS. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.80%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 62.11%.

Insider Activity

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the purchase, the insider now directly owns 2,833,700 shares of the company's stock, valued at $126,383,020. This trade represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 385,307 shares of company stock valued at $15,679,910. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock valued at $62,452,000 after acquiring an additional 106,440 shares in the last quarter. Good Life Advisors LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $404,000. Vanguard Group Inc. grew its position in shares of Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after purchasing an additional 13,305 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $704,000. Finally, Amundi increased its holdings in shares of Cracker Barrel Old Country Store by 202.4% during the fourth quarter. Amundi now owns 10,729 shares of the restaurant operator's stock worth $615,000 after purchasing an additional 7,181 shares during the period. Institutional investors 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.