Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 3.7%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) fell 3.7% during trading on Thursday . The stock traded as low as $58.58 and last traded at $58.92. 723,103 shares were traded during mid-day trading, an increase of 15% from the average session volume of 630,033 shares. The stock had previously closed at $61.16.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CBRL shares. Citigroup increased their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a "sell" rating in a research note on Wednesday, February 28th. UBS Group dropped their price target on 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. Truist Financial reduced their price objective on Cracker Barrel Old Country Store from $75.00 to $72.00 and set a "hold" rating for the company in a research report on Wednesday, February 28th. Finally, Piper Sandler dropped their target price on 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of "Hold" and a consensus target price of $77.14.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The firm has a market capitalization of $1.31 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 4.70 and a beta of 1.45. The business has a fifty day moving average of $70.07 and a 200-day moving average of $71.62.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same quarter in the previous year, the firm posted $1.48 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.62 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.85%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 138.67%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently added to or reduced their stakes in CBRL. Vanguard Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator's stock valued at $176,257,000 after buying an additional 12,128 shares during the period. BlackRock Inc. boosted its position in shares of Cracker Barrel Old Country Store by 0.8% during the 1st quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator's stock valued at $302,682,000 after purchasing an additional 21,310 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Cracker Barrel Old Country Store by 1.9% in the 3rd quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator's stock worth $129,056,000 after purchasing an additional 35,042 shares during the last quarter. State Street Corp grew its stake in shares of Cracker Barrel Old Country Store by 13.0% in the 1st quarter. State Street Corp now owns 848,891 shares of the restaurant operator's stock worth $96,434,000 after purchasing an additional 97,728 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Cracker Barrel Old Country Store by 7.3% during the first quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator's stock valued at $85,540,000 after purchasing an additional 50,927 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.