Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 5.3% – Should You Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price dropped 5.3% during trading on Tuesday . The company traded as low as $47.44 and last traded at $47.45. Approximately 357,310 shares were traded during trading, a decline of 52% from the average daily volume of 743,531 shares. The stock had previously closed at $50.09.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of research reports. Loop Capital reduced their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating 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 research report on Friday, September 20th. Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, UBS Group reduced their price target 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. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

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 firm has a fifty day moving average price of $42.54 and a two-hundred day moving average price of $46.35. The stock has a market capitalization of $1.05 billion, a PE ratio of 17.37, a P/E/G ratio of 1.23 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 earnings per share. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be given a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new stake in Cracker Barrel Old Country Store during the 1st quarter worth about $73,000. Duality Advisers LP lifted its position in Cracker Barrel Old Country Store by 196.5% during the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock worth $3,704,000 after acquiring an additional 33,751 shares during the period. ProShare Advisors LLC lifted its position in Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after acquiring an additional 306 shares during the period. Comerica Bank lifted its position in Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock worth $935,000 after acquiring an additional 4,263 shares during the period. Finally, Capstone Investment Advisors LLC lifted its position in Cracker Barrel Old Country Store by 241.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 45,259 shares of the restaurant operator’s stock worth $3,292,000 after acquiring an additional 31,988 shares during the period. Institutional investors and hedge funds 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.