Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Gap Up - Time to Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $45.27, but opened at $50.00. Cracker Barrel Old Country Store shares last traded at $46.49, with a volume of 208,799 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on CBRL. Argus downgraded shares of Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Bank of America lifted their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an "underperform" rating in a research report on Friday, September 20th. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, September 20th. Finally, UBS Group lowered their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating for the company in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $53.57.

Cracker Barrel Old Country Store Price Performance

The stock's 50 day moving average price is $44.92 and its two-hundred day moving average price is $45.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.29 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.79 earnings per share. On average, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store's payout ratio is presently 54.35%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $25,636,000. Charles Schwab Investment Management Inc. boosted 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 valued at $48,752,000 after acquiring an additional 111,892 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Cracker Barrel Old Country Store in the third quarter valued at about $4,498,000. Verition Fund Management LLC raised its position in Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock worth $7,299,000 after purchasing an additional 78,816 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 47.2% during the first quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator's stock worth $6,489,000 after purchasing an additional 28,627 shares during the period. Institutional investors and hedge funds own 96.01% of the company's stock.

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.