Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Up 6% – Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price rose 6% on Friday . The company traded as high as $51.37 and last traded at $51.33. Approximately 76,718 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 738,803 shares. The stock had previously closed at $48.42.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CBRL. Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. UBS Group lowered their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Loop Capital reduced their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

The stock has a market cap of $1.08 billion, a PE ratio of 18.94, a P/E/G ratio of 1.23 and a beta of 1.43. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The stock has a 50-day simple moving average of $42.70 and a 200-day simple moving average of $46.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. Equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 36.90%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several large investors have recently modified their holdings of CBRL. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cracker Barrel Old Country Store by 12.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the restaurant operator’s stock worth $627,000 after buying an additional 1,462 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $1,016,000. Everence Capital Management Inc. acquired a new position in Cracker Barrel Old Country Store in the third quarter worth $306,000. nVerses Capital LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 500 shares during the period. Finally, Creative Planning raised its position in shares of Cracker Barrel Old Country Store by 9.1% during the 3rd quarter. Creative Planning now owns 13,799 shares of the restaurant operator’s stock worth $626,000 after purchasing an additional 1,153 shares during the period. Institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.