Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 3.7% - What's Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s stock price was down 3.7% during mid-day trading on Tuesday . The stock traded as low as $41.00 and last traded at $41.61. 312,842 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 828,829 shares. The stock had previously closed at $43.20.

Analysts Set New Price Targets

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

Cracker Barrel Old Country Store Trading Down 2.9 %

The company has a market capitalization of $934.16 million, a price-to-earnings ratio of 23.18, 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. The firm has a fifty day moving average price of $41.74 and a 200-day moving average price of $48.96.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is 62.11%.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 105,900 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $35.94 per share, for a total transaction of $3,806,046.00. Following the acquisition, the insider now directly owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. The trade was a 4.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 243,700 shares of company stock worth $9,575,679. Company insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in Cracker Barrel Old Country Store by 685.9% during the fourth 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 last quarter. Smartleaf Asset Management LLC lifted its holdings 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 valued at $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter worth about $56,000. GAMMA Investing LLC lifted its position in Cracker Barrel Old Country Store by 142.8% in the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth about $207,000. 96.01% of the stock is currently owned by 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.

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