Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 4.8% – Time to Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price dropped 4.8% during trading on Monday . The company traded as low as $50.74 and last traded at $50.85. Approximately 175,812 shares were traded during trading, a decline of 76% from the average daily volume of 738,640 shares. The stock had previously closed at $53.40.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CBRL. Loop Capital upped their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Truist Financial lifted 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. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, November 18th. Finally, UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.25.

Cracker Barrel Old Country Store Price Performance

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 business’s fifty day simple moving average is $50.05 and its 200 day simple moving average is $44.89. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.84%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of institutional investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. grew its holdings in 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 acquiring an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $45,000. Public Employees Retirement System of Ohio raised its stake in Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $79,000. Finally, nVerses Capital LLC grew its position in shares of Cracker Barrel Old Country Store by 375.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,500 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.