Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Down 15.6% in January

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,600,000 shares, a drop of 15.6% from the January 15th total of 3,080,000 shares. Approximately 12.0% of the company's stock are short sold. Based on an average daily trading volume, of 753,300 shares, the days-to-cover ratio is currently 3.5 days.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded down $1.31 during trading on Friday, hitting $47.00. The company had a trading volume of 538,824 shares, compared to its average volume of 730,211. Cracker Barrel Old Country Store has a 52 week low of $34.88 and a 52 week high of $74.21. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 8.36 and a beta of 1.48. 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's 50-day moving average is $55.77 and its two-hundred day moving average is $48.80.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC grew its position in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after acquiring an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at $56,000. Public Employees Retirement System of Ohio grew its holdings in shares of Cracker Barrel Old Country Store by 22.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cracker Barrel Old Country Store in the third quarter worth $79,000. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on CBRL. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Loop Capital boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. UBS Group boosted their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Bank of America increased their price objective on shares of 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. Finally, Piper Sandler boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $57.63.

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.