Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading Up 2.7% - Time to Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s share price shot up 2.7% during trading on Tuesday . The company traded as high as $40.92 and last traded at $39.89. 119,731 shares were traded during trading, a decline of 85% from the average session volume of 810,518 shares. The stock had previously closed at $38.82.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Loop Capital reduced their price objective 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 note 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. Truist Financial upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and increased their price target for the stock from $51.00 to $55.00 in a research report on Monday, March 10th. Finally, Citigroup raised their target price on Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a "sell" rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $57.13.

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Cracker Barrel Old Country Store Stock Performance

The stock has a market capitalization of $828.41 million, a price-to-earnings ratio of 20.56, a PEG ratio of 8.36 and a beta of 1.39. The company's 50-day simple moving average is $47.19 and its 200-day simple moving average is $49.32. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, April 11th. Cracker Barrel Old Country Store's payout ratio is presently 62.11%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position 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 period. Captrust Financial Advisors increased its position in shares of Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock worth $333,000 after buying an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock worth $666,000 after buying an additional 417 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after buying an additional 487 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

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.