Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 4.6% - What's Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s share price was down 4.6% during trading on Monday . The company traded as low as $64.54 and last traded at $64.20. Approximately 588,385 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 855,061 shares. The stock had previously closed at $67.28.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CBRL shares. Truist Financial raised their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Bank of America raised their price objective on shares of 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. UBS Group restated a "neutral" rating and set a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday. Citigroup restated a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Finally, Loop Capital raised their price objective on shares of 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. Two equities 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $55.14.

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 market capitalization of $1.47 billion, a P/E ratio of 25.54, a P/E/G ratio of 6.15 and a beta of 1.45. The business's fifty day simple moving average is $59.47 and its 200-day simple moving average is $51.79.

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 analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million for the quarter, compared to the consensus estimate of $824.65 million. During the same period in the previous year, the firm posted $0.88 EPS. Cracker Barrel Old Country Store's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 38.76%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 53,000 shares of Cracker Barrel Old Country Store stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the acquisition, the insider directly owned 2,833,700 shares in the company, valued at approximately $126,383,020. This represents a 1.91% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 221,107 shares of company stock valued at $9,546,581. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after buying an additional 13,305 shares during the period. GMT Capital Corp purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $78,750,000. Marshall Wace LLP grew its stake in Cracker Barrel Old Country Store by 151.9% in the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after acquiring an additional 462,542 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock worth $34,271,000 after buying an additional 16,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after acquiring an additional 50,905 shares in the last quarter. 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 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.