Cracker Barrel Old Country Store (NASDAQ:CBRL) Share Price Passes Above 200-Day Moving Average - What's Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.57 and traded as high as $57.84. Cracker Barrel Old Country Store shares last traded at $52.97, with a volume of 980,399 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler increased their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Friday. Bank of America raised their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a report on Thursday, December 5th. UBS Group raised their target price on 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. Finally, Loop Capital raised their target price 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average target price of $57.63.

Cracker Barrel Old Country Store Stock Down 4.2 %

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 50 day moving average price of $56.09 and a 200 day moving average price of $48.65. The company has a market cap of $1.05 billion, a P/E ratio of 26.15, a P/E/G ratio of 10.38 and a beta of 1.48.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, January 17th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in shares of Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after buying an additional 462,542 shares in the last quarter. Cibc World Market Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $11,711,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 11.6% during 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 buying an additional 111,892 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at $4,498,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $4,597,000. 96.01% of the stock is 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.