Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Down 4.8% - Should You Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) fell 4.8% on Monday . The stock traded as low as $50.74 and last traded at $50.85. 175,812 shares traded hands during trading, a decline of 76% from the average session volume of 738,640 shares. The stock had previously closed at $53.40.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CBRL shares. Piper Sandler raised 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 report 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. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an "underperform" rating in a research report on Thursday, December 5th. UBS Group boosted 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 research report on Thursday, December 5th. Finally, Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average target price of $57.25.

Cracker Barrel Old Country Store Price Performance

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 capitalization of $1.15 billion, a P/E ratio of 28.64, a PEG ratio of 2.15 and a beta of 1.45. The stock's fifty day moving average is $49.88 and its 200-day moving average is $44.85.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its 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). Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same period in the previous year, the company earned $1.79 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.82 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. Cracker Barrel Old Country Store's payout ratio is presently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. Charles Schwab Investment Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after purchasing an additional 111,892 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at approximately $25,636,000. Verition Fund Management LLC increased its position in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock worth $7,299,000 after acquiring an additional 78,816 shares during the period. Advisors Asset Management Inc. raised its stake in 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 purchasing an additional 321 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter valued at $4,498,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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.