Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Up 1.5%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s stock price shot up 1.5% during mid-day trading on Friday . The company traded as high as $59.88 and last traded at $59.66. 972,035 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 644,139 shares. The stock had previously closed at $58.79.

Analysts Set New Price Targets

Several analysts have issued reports on CBRL shares. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a "sell" rating in a research report on Wednesday, February 28th. Piper Sandler decreased their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. Finally, Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a "hold" rating on the stock in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $77.14.

Cracker Barrel Old Country Store Stock Up 0.6 %

The business's fifty day moving average price is $69.60 and its 200 day moving average price is $71.58. The company has a market capitalization of $1.31 billion, a P/E ratio of 15.78, a P/E/G ratio of 4.42 and a beta of 1.45. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same period last year, the firm earned $1.48 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.62 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 138.67%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $28,000. GAMMA Investing LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $32,000. Itau Unibanco Holding S.A. bought a new position in shares of Cracker Barrel Old Country Store in the second quarter worth about $34,000. Newbridge Financial Services Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 91.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator's stock worth $39,000 after acquiring an additional 275 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $54,000. 96.01% of the stock is owned by institutional investors.

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.