Short Interest in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Grows By 7.9%

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 2,870,000 shares, a growth of 7.9% from the March 15th total of 2,660,000 shares. Approximately 13.2% of the shares of the company are sold short. Based on an average daily volume of 622,500 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock valued at $176,257,000 after purchasing an additional 12,128 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.8% in the first quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock valued at $302,682,000 after purchasing an additional 21,310 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store by 1.9% in the third quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator’s stock valued at $129,056,000 after purchasing an additional 35,042 shares during the last quarter. State Street Corp raised its holdings in shares of Cracker Barrel Old Country Store by 13.0% in the first quarter. State Street Corp now owns 848,891 shares of the restaurant operator’s stock valued at $96,434,000 after purchasing an additional 97,728 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Cracker Barrel Old Country Store by 7.3% in the first quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator’s stock valued at $85,540,000 after purchasing an additional 50,927 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.2 %

Shares of Cracker Barrel Old Country Store stock traded down $0.75 during trading on Tuesday, reaching $60.09. 721,462 shares of the company traded hands, compared to its average volume of 655,713. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. Cracker Barrel Old Country Store has a 1-year low of $56.79 and a 1-year high of $116.05. The company has a 50 day moving average price of $68.90 and a 200-day moving average price of $71.61. The firm has a market capitalization of $1.33 billion, a PE ratio of 16.02, a P/E/G ratio of 4.19 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $917.83 million. During the same quarter in the previous year, the company earned $1.48 EPS. Cracker Barrel Old Country Store’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts expect that Cracker Barrel Old Country Store will post 4.62 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 annualized dividend and a yield of 8.65%. Cracker Barrel Old Country Store’s payout ratio is 138.67%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several analyst reports. Truist Financial dropped their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Piper Sandler dropped their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Citigroup boosted their target price on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.14.

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.