Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Update

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,430,000 shares, a decline of 12.9% from the November 15th total of 2,790,000 shares. Based on an average daily volume of 736,700 shares, the days-to-cover ratio is currently 3.3 days. Approximately 11.2% of the company’s shares are short sold.

Cracker Barrel Old Country Store Trading Down 1.2 %

NASDAQ CBRL traded down $0.62 on Tuesday, hitting $52.59. The company’s stock had a trading volume of 203,335 shares, compared to its average volume of 738,360. 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 has a 1-year low of $34.88 and a 1-year high of $83.51. The company’s 50-day moving average is $48.98 and its 200 day moving average is $44.78. The firm has a market cap of $1.17 billion, a PE ratio of 29.40, a PEG ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data 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 18.61%. The firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same period in the prior year, the company posted $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that Cracker Barrel Old Country Store will post 2.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Loop Capital upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $57.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in Cracker Barrel Old Country Store by 30.3% during the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock worth $280,000 after acquiring an additional 1,498 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 worth $61,000 after buying an additional 247 shares during the last quarter. MML Investors Services LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $213,000. iSAM Funds UK Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $238,000. Finally, Point72 DIFC Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $264,000. 96.01% of the stock is owned by institutional investors.

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.