Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) fell 4.8% on Monday . The stock traded as low as $50.74 and last traded at $50.85. 175,812 shares were traded during mid-day trading, a decline of 76% from the average session volume of 738,640 shares. The stock had previously closed at $53.40.
Several equities analysts have recently issued reports on the stock. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a report on Thursday, December 5th. Piper Sandler raised their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Truist Financial lifted their price objective 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 target price on the stock in a research report on Monday, November 18th. Finally, UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 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 given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $57.25.
Read Our Latest Stock Analysis on CBRL
The stock has a market cap of $1.15 billion, a PE ratio of 28.44, a P/E/G ratio of 2.15 and a beta of 1.45. The business has a 50 day moving average price of $49.71 and a 200 day moving average price of $44.85. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to analysts' expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 EPS. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store's dividend payout ratio is currently 55.25%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after acquiring an additional 111,892 shares in the last quarter. Marshall Wace LLP purchased a new position in Cracker Barrel Old Country Store during the second quarter worth approximately $25,636,000. Verition Fund Management LLC boosted its position in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock worth $7,299,000 after purchasing an additional 78,816 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 0.3% in the third 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 in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $4,498,000. Hedge funds and other institutional investors own 96.01% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Cracker Barrel Old Country Store, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cracker Barrel Old Country Store wasn't on the list.
While Cracker Barrel Old Country Store currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.