Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 3.7% - Time to Sell?

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in 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. Loop Capital cut their price target on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Citigroup raised their price objective 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. Truist Financial raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their target price for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Finally, Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $57.13.

Cracker Barrel Old Country Store Stock Up 0.2 %

The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $951.52 million, a P/E ratio of 23.61, a PEG ratio of 8.36 and a beta of 1.36. The stock has a 50 day moving average price of $41.39 and a 200 day moving average price of $48.84.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 62.11%.

Insider Activity

In other news, major shareholder Gmt Capital Corp acquired 53,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was bought at an average cost of $41.84 per share, for a total transaction of $2,217,520.00. Following the completion of the transaction, the insider now directly owns 2,674,800 shares in the company, valued at $111,913,632. This represents a 2.02 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 296,700 shares of company stock valued at $11,793,199. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $25,000. Huntleigh Advisors Inc. acquired a new position in Cracker Barrel Old Country Store during the 1st quarter valued at about $248,000. Aviance Capital Partners LLC raised its position in Cracker Barrel Old Country Store by 29.6% in the 1st quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator's stock valued at $1,299,000 after buying an additional 7,638 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator's stock worth $4,305,000 after buying an additional 3,075 shares during the last quarter. Finally, Capital Investment Counsel Inc increased its holdings in Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after buying an additional 9,875 shares during the last quarter. 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.