Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 7.7% – Still a Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price was up 7.7% on Tuesday . The stock traded as high as $59.19 and last traded at $58.96. Approximately 106,271 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 739,513 shares. The stock had previously closed at $54.73.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBRL shares. Bank of America increased 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 research note on Thursday, December 5th. Piper Sandler raised their target price on shares of 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. Argus upgraded 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 shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Finally, Loop Capital raised their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

The business has a 50 day moving average of $53.61 and a 200 day moving average of $46.84. The company has a market capitalization of $1.33 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake 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 valued at $61,000 after buying an additional 247 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 321 shares during the last quarter. nVerses Capital LLC lifted its stake 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 purchasing an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Cracker Barrel Old Country Store by 5.7% in 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 last quarter. Finally, Creative Planning lifted its stake in shares of 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 purchasing an additional 804 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

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.