Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Down 4.7% – Should You Sell?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) were down 4.7% during trading on Friday . The company traded as low as $55.20 and last traded at $54.00. Approximately 102,290 shares were traded during trading, a decline of 86% from the average daily volume of 743,854 shares. The stock had previously closed at $56.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their price target 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. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Monday, November 18th. Truist Financial raised their target price on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday. UBS Group upped their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Piper Sandler raised their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Down 2.7 %

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.41 and a beta of 1.45. The business has a fifty day moving average of $52.62 and a 200 day moving average of $46.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position 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 purchasing an additional 247 shares during the period. Advisors Asset Management Inc. grew its stake in Cracker Barrel Old Country Store by 0.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after buying an additional 321 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Cracker Barrel Old Country Store by 26.3% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Cracker Barrel Old Country Store by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock valued at $480,000 after purchasing an additional 618 shares during the period. Finally, Creative Planning grew its holdings in Cracker Barrel Old Country Store by 6.8% in the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 804 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

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.