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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) saw a large increase in short interest in 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. Based on an average trading volume of 728,200 shares, the days-to-cover ratio is currently 4.2 days. Currently, 14.2% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBRL. Public Employees Retirement System of Ohio raised its position in Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 247 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator's stock valued at $4,536,000 after acquiring an additional 321 shares during the last quarter. nVerses Capital LLC raised its position in shares of Cracker Barrel Old Country Store by 26.3% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator's stock valued at $109,000 after acquiring an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cracker Barrel Old Country Store by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,392 shares of the restaurant operator's stock valued at $480,000 after acquiring an additional 618 shares during the last quarter. Finally, Creative Planning raised its position in shares of 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 acquiring an additional 804 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America lifted their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, December 5th. Piper Sandler lifted their target price on 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. UBS Group boosted their price target 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 cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. Finally, Truist Financial boosted 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 note on Thursday, January 16th. Three investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

CBRL traded up $0.07 on Thursday, hitting $59.98. The company had a trading volume of 436,093 shares, compared to its average volume of 726,496. The company's fifty day moving average price is $56.38 and its 200 day moving average price is $48.32. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $80.77. 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 stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 11.25 and a beta of 1.48.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced 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 is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.67%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 55.25%.

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.