Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 11.7% – Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares were up 11.7% on Monday . The stock traded as high as $54.06 and last traded at $54.06. Approximately 243,421 shares traded hands during trading, a decline of 67% from the average daily volume of 727,519 shares. The stock had previously closed at $48.41.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CBRL shares. Bank of America upped their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, November 15th. Piper Sandler upped their target price on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Truist Financial increased their price target 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.15 billion, a PE ratio of 28.70, a P/E/G ratio of 1.37 and a beta of 1.42. The stock’s 50 day simple moving average is $46.22 and its two-hundred day simple moving average is $44.53.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results 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 net margin of 1.15% and a return on equity of 18.58%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the prior year, the business posted $1.79 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently added to or reduced their stakes in CBRL. Hazlett Burt & Watson Inc. grew its holdings in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $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 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $45,000. GAMMA Investing LLC grew its holdings in Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after acquiring 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 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 247 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

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.