Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 52-Week Low at $54.82

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) hit a new 52-week low during trading on Monday . The stock traded as low as $54.82 and last traded at $54.89, with a volume of 543857 shares traded. The stock had previously closed at $56.17.

Analyst Upgrades and Downgrades

Several brokerages have commented on CBRL. Citigroup lifted their price target on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Piper Sandler decreased their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Truist Financial decreased their price target on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, UBS Group decreased their price target on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $76.57.

Cracker Barrel Old Country Store Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 3.98 and a beta of 1.48. The business has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $70.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. As a group, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.65%. Cracker Barrel Old Country Store’s payout ratio is currently 138.67%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Cracker Barrel Old Country Store by 27.2% in the third quarter. Commonwealth Equity Services LLC now owns 11,075 shares of the restaurant operator’s stock valued at $744,000 after purchasing an additional 2,367 shares during the last quarter. Raymond James & Associates increased its holdings in Cracker Barrel Old Country Store by 47.3% in the third quarter. Raymond James & Associates now owns 38,618 shares of the restaurant operator’s stock valued at $2,595,000 after purchasing an additional 12,406 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Cracker Barrel Old Country Store by 7.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,543 shares of the restaurant operator’s stock valued at $1,179,000 after purchasing an additional 1,172 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cracker Barrel Old Country Store by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,312 shares of the restaurant operator’s stock valued at $827,000 after purchasing an additional 684 shares during the last quarter. Finally, Advisor Partners II LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $242,000. Institutional investors own 96.01% of the company’s stock.

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.