Short Interest in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Decreases By 12.9%

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CBRL. UBS Group lifted their price target 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. Loop Capital lifted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. StockNews.com cut shares of Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Truist Financial lifted 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. Finally, Piper Sandler lifted their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $57.25.

Institutional Trading of Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of CBRL. CWM LLC raised its position in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 419 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $187,000. Blue Trust Inc. raised its position in Cracker Barrel Old Country Store by 23.4% in the 2nd quarter. Blue Trust Inc. now owns 2,759 shares of the restaurant operator's stock valued at $116,000 after purchasing an additional 524 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cracker Barrel Old Country Store by 56.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,240 shares of the restaurant operator's stock valued at $221,000 after purchasing an additional 1,886 shares during the last quarter. Finally, nVerses Capital LLC raised its position in Cracker Barrel Old Country Store by 375.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator's stock valued at $80,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 0.1 %

Cracker Barrel Old Country Store stock traded down $0.03 during trading on Friday, reaching $51.24. The stock had a trading volume of 580,880 shares, compared to its average volume of 739,661. Cracker Barrel Old Country Store has a 52-week low of $34.88 and a 52-week high of $83.51. The business has a 50 day moving average price of $48.81 and a 200 day moving average price of $44.75. 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 stock has a market cap of $1.14 billion, a PE ratio of 28.31, a P/E/G ratio of 2.15 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to analysts' expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 EPS. On average, analysts predict that Cracker Barrel Old Country Store will post 2.82 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. Cracker Barrel Old Country Store's dividend payout ratio is presently 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.