Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Up 19.8% in January

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,080,000 shares, an increase of 19.8% from the December 31st total of 2,570,000 shares. Currently, 14.2% of the company’s shares are short sold. Based on an average trading volume of 728,200 shares, the days-to-cover ratio is presently 4.2 days.

Cracker Barrel Old Country Store Trading Down 1.2 %

NASDAQ:CBRL opened at $64.21 on Monday. Cracker Barrel Old Country Store has a 12-month low of $34.88 and a 12-month high of $80.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The business has a 50 day simple moving average of $55.65 and a 200 day simple moving average of $47.88. The firm has a market capitalization of $1.43 billion, a P/E ratio of 35.44, a P/E/G ratio of 11.25 and a beta of 1.47.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. AQR Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 57.1% during the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after purchasing an additional 22,658 shares during the period. The Manufacturers Life Insurance Company grew its position in Cracker Barrel Old Country Store by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator’s stock valued at $480,000 after buying an additional 618 shares in the last quarter. Creative Planning increased its stake in Cracker Barrel Old Country Store by 6.8% during the 2nd quarter. Creative Planning now owns 12,646 shares of the restaurant operator’s stock valued at $533,000 after buying an additional 804 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $220,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth approximately $279,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBRL shares. Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. UBS Group raised their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Finally, Argus raised shares of 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 research report on Monday, November 18th. Three 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.63.

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.