Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Down 17.3% in February

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,630,000 shares, a decline of 17.3% from the February 13th total of 3,180,000 shares. Approximately 12.1% of the company's shares are sold short. Based on an average daily volume of 828,600 shares, the short-interest ratio is currently 3.2 days.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several hedge funds and other institutional investors have recently modified their holdings of CBRL. Aviance Capital Partners LLC increased its position in shares of Cracker Barrel Old Country Store by 84.9% during the third quarter. Aviance Capital Partners LLC now owns 19,438 shares of the restaurant operator's stock valued at $882,000 after buying an additional 8,925 shares during the period. Factorial Partners LLC increased its position in shares of Cracker Barrel Old Country Store by 52.9% during the third quarter. Factorial Partners LLC now owns 26,000 shares of the restaurant operator's stock valued at $1,179,000 after buying an additional 9,000 shares during the period. Advisors Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 0.3% during the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock valued at $4,536,000 after buying an additional 321 shares during the period. Intech Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth about $222,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Cracker Barrel Old Country Store in the third quarter worth about $1,287,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

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Cracker Barrel Old Country Store Trading Down 1.2 %

Shares of CBRL stock traded down $0.47 during mid-day trading on Friday, reaching $40.38. The stock had a trading volume of 2,408,074 shares, compared to its average volume of 792,941. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $74.21. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock's 50-day moving average price is $50.84 and its two-hundred day moving average price is $49.21. The firm has a market capitalization of $898.98 million, a PE ratio of 22.31, a price-to-earnings-growth ratio of 8.36 and a beta of 1.57.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is currently 62.11%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several recent research reports. Piper Sandler boosted their price target on shares of 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. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research note on Thursday, December 5th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $57.13.

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.