Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Sees Large Increase in Short Interest

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 3,180,000 shares, an increase of 22.3% from the January 31st total of 2,600,000 shares. Based on an average daily volume of 750,500 shares, the short-interest ratio is currently 4.2 days. Approximately 14.6% of the shares of the company are short sold.

Cracker Barrel Old Country Store Price Performance

CBRL stock traded down $0.52 on Friday, hitting $42.82. 1,800,534 shares of the company's stock traded hands, compared to its average volume of 818,501. Cracker Barrel Old Country Store has a 1-year low of $34.88 and a 1-year high of $74.21. The stock has a market cap of $953.13 million, a price-to-earnings ratio of 23.66, a P/E/G ratio of 8.36 and a beta of 1.48. The stock has a fifty day moving average of $53.73 and a 200-day moving average of $49.15. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's dividend payout ratio is presently 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store during the third quarter valued at approximately $2,526,000. Cibc World Market Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $11,711,000. Good Life Advisors LLC purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $404,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock valued at $48,752,000 after acquiring an additional 111,892 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $256,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Several research firms have commented on CBRL. Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday. UBS Group increased 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 report on Thursday, December 5th. Piper Sandler increased 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. Finally, StockNews.com upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.63.

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.