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

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

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of research reports. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th. UBS Group lowered their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average price target of $51.25.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

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

Cracker Barrel Old Country Store Trading Down 1.6 %

Shares of NASDAQ:CBRL traded down $0.93 during midday trading on Tuesday, hitting $55.71. 1,197,551 shares of the stock were exchanged, compared to its average volume of 671,827. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 1.61 and a beta of 1.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The business’s 50-day moving average price is $47.69 and its 200 day moving average price is $44.41. Cracker Barrel Old Country Store has a 12 month low of $34.88 and a 12 month high of $83.51.

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

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. Cracker Barrel Old Country Store’s dividend payout ratio 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.