Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Up 7.7% - Still a Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s stock price was up 7.7% during mid-day trading on Tuesday . The stock traded as high as $59.19 and last traded at $58.96. Approximately 106,271 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 739,513 shares. The stock had previously closed at $54.73.

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of recent research reports. Loop Capital lifted their price objective 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. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a research report on Monday, November 18th. UBS Group lifted their price objective 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. Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Finally, StockNews.com lowered shares of Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

The stock's 50 day moving average is $53.31 and its two-hundred day moving average is $46.75. The firm has a market capitalization of $1.38 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.28 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.61%. Cracker Barrel Old Country Store's dividend payout ratio is currently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at about $45,000. Public Employees Retirement System of Ohio lifted its stake in Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator's stock valued at $61,000 after buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $79,000. nVerses Capital LLC increased its position in shares of Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator's stock worth $109,000 after acquiring an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator's stock worth $125,000 after acquiring an additional 1,394 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.