Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 4.7% - Time to Sell?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) were down 4.7% during mid-day trading on Friday . The company traded as low as $55.20 and last traded at $54.00. Approximately 102,290 shares traded hands during trading, a decline of 86% from the average daily volume of 743,854 shares. The stock had previously closed at $56.66.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CBRL shares. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday. Loop Capital raised their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a "hold" rating in a report on Thursday, December 5th. StockNews.com cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a report on Friday, December 6th. UBS Group lifted 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. Finally, Bank of America upped their price objective 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Trading Down 3.8 %

The firm's fifty day simple moving average is $52.79 and its 200-day simple moving average is $46.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock has a market cap of $1.22 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45.

Cracker Barrel Old Country Store Announces Dividend

The company 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 of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 1.83%. Cracker Barrel Old Country Store's payout ratio is 55.25%.

Institutional Trading of Cracker Barrel Old Country Store

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $2,526,000. Charles Schwab Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock valued at $48,752,000 after purchasing an additional 111,892 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store by 199.3% during the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator's stock valued at $1,357,000 after purchasing an additional 19,925 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Cracker Barrel Old Country Store by 74.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator's stock worth $1,389,000 after purchasing an additional 13,040 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $1,016,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.