Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.33 and traded as high as $55.20. Cracker Barrel Old Country Store shares last traded at $53.50, with a volume of 913,168 shares trading hands.

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of recent analyst reports. Bank of America raised their price target on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. UBS Group lifted their target price on Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Citigroup boosted their price target on Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a report on Wednesday, June 10th. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Finally, Argus upped their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $42.14.

Cracker Barrel Old Country Store Price Performance

The company has a market cap of $1.20 billion, a P/E ratio of 46.12 and a beta of 1.20. The firm’s 50-day moving average is $37.80 and its two-hundred day moving average is $32.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The business had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. During the same period last year, the company posted $0.56 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post -0.83 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be given a $0.25 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.00 annualized dividend and a yield of 1.9%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 86.21%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maxi Investments CY Ltd bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $1,168,000. WINTON GROUP Ltd purchased a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at $2,355,000. UBS Group AG lifted its holdings in shares of Cracker Barrel Old Country Store by 50.3% in the 4th quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock worth $7,422,000 after acquiring an additional 97,761 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Cracker Barrel Old Country Store by 173.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock worth $3,950,000 after purchasing an additional 98,686 shares during the period. Finally, Gabelli Funds LLC bought a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $508,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.