Short Interest in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Expands By 15.8%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,790,000 shares, a growth of 15.8% from the October 31st total of 2,410,000 shares. Approximately 12.9% of the shares of the company are sold short. Based on an average daily trading volume, of 694,000 shares, the short-interest ratio is presently 4.0 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CBRL shares. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Piper Sandler lifted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, November 15th. Finally, Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBRL. Hazlett Burt & Watson Inc. raised its position in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC raised its holdings in shares of Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at $45,000. GAMMA Investing LLC boosted its stake in shares of Cracker Barrel Old Country Store by 447.2% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL traded down $0.93 during trading hours on Tuesday, reaching $55.71. The company had a trading volume of 1,197,551 shares, compared to its average volume of 671,827. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.61 and a beta of 1.45. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $83.51. The firm has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $44.41. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 earnings per share. Research analysts expect that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

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.