Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 6.1% – Here’s Why

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares fell 6.1% during mid-day trading on Monday . The stock traded as low as $54.85 and last traded at $54.01. 91,241 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 711,410 shares. The stock had previously closed at $57.50.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent analyst reports. 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 research report on Thursday, December 5th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. Truist Financial lifted their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Piper Sandler upped their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, UBS Group lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 5.2 %

The business’s 50 day moving average is $56.28 and its 200-day moving average is $48.63. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The company has a market cap of $1.11 billion, a PE ratio of 27.47, a P/E/G ratio of 10.38 and a beta of 1.48.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently bought and sold shares of CBRL. Rodgers Brothers Inc. lifted its stake in Cracker Barrel Old Country Store by 18.6% during the fourth quarter. Rodgers Brothers Inc. now owns 33,675 shares of the restaurant operator’s stock worth $1,780,000 after purchasing an additional 5,275 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Cracker Barrel Old Country Store by 2.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock worth $34,271,000 after buying an additional 16,333 shares during the last quarter. Norges Bank acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $2,470,000. JPMorgan Chase & Co. grew its position in shares of Cracker Barrel Old Country Store by 56.4% in the 4th quarter. JPMorgan Chase & Co. now owns 48,167 shares of the restaurant operator’s stock valued at $2,546,000 after buying an additional 17,368 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Cracker Barrel Old Country Store during the 4th quarter worth $228,000. 96.01% of the stock is owned by hedge funds and other 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.