Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 3.2% - Time to Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) fell 3.2% on Tuesday . The company traded as low as $42.51 and last traded at $43.06. 142,262 shares traded hands during trading, a decline of 83% from the average session volume of 824,191 shares. The stock had previously closed at $44.47.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CBRL. Citigroup upped their price objective on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the stock a "sell" rating in a report on Friday, March 7th. StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Loop Capital decreased their target price on shares of Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Truist Financial upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $51.00 to $55.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and a consensus price target of $57.13.

Cracker Barrel Old Country Store Trading Down 1.3 %

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 firm's fifty day moving average is $42.20 and its two-hundred day moving average is $48.96. The firm has a market cap of $977.06 million, a P/E ratio of 24.24, a PEG ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is currently 62.11%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp acquired 105,900 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the transaction, the insider now owns 2,452,200 shares of the company's stock, valued at $88,132,068. This represents a 4.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 164,200 shares of company stock valued at $6,133,329. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently added to or reduced their stakes in CBRL. Sterling Capital Management LLC grew its position in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio boosted its stake in 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, GAMMA Investing LLC boosted its stake in Cracker Barrel Old Country Store by 142.8% during the 4th quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock valued at $125,000 after purchasing an additional 1,394 shares during the last quarter. 96.01% of the stock is 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.

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