Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 4.7% – Time to Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s share price dropped 4.7% during mid-day trading on Friday . The stock traded as low as $55.20 and last traded at $54.00. Approximately 102,290 shares traded hands during trading, a decline of 86% from the average daily volume of 743,854 shares. The stock had previously closed at $56.66.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBRL. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. StockNews.com downgraded Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, November 18th. Finally, UBS Group raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Price Performance

The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $1.22 billion, a PE ratio of 30.24, a PEG ratio of 2.41 and a beta of 1.45. The stock has a 50-day moving average price of $52.79 and a 200 day moving average price of $46.43.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of CBRL. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $45,000. Public Employees Retirement System of Ohio raised its holdings in shares of 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 valued at $61,000 after acquiring an additional 247 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. GAMMA Investing LLC boosted its stake in shares of Cracker Barrel Old Country Store by 142.8% in the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 1,394 shares during the last quarter. Finally, nVerses Capital LLC increased its position in shares of Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 500 shares in the last quarter. 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.