Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 6.1% - Should You Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s share price dropped 6.1% during mid-day trading on Monday . The company traded as low as $54.85 and last traded at $54.01. Approximately 91,241 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 711,410 shares. The stock had previously closed at $57.50.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of research analyst reports. UBS Group lifted their price target 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. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Friday. Loop Capital lifted their price target 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. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Finally, Bank of America lifted their price target 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

The stock has a 50-day moving average of $56.09 and a 200 day moving average of $48.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth 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. The ex-dividend date was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. Cracker Barrel Old Country Store's payout ratio is currently 55.25%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth about $403,000. Northern Trust Corp grew its position in shares of Cracker Barrel Old Country Store by 6.9% in the 4th quarter. Northern Trust Corp now owns 246,227 shares of the restaurant operator's stock valued at $13,016,000 after purchasing an additional 15,897 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Cracker Barrel Old Country Store by 13.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,624 shares of the restaurant operator's stock valued at $985,000 after purchasing an additional 2,142 shares during the period. Stifel Financial Corp grew its position in shares of Cracker Barrel Old Country Store by 62.7% in the 4th quarter. Stifel Financial Corp now owns 61,227 shares of the restaurant operator's stock valued at $3,236,000 after purchasing an additional 23,585 shares during the period. Finally, State of Tennessee Department of Treasury grew its position in shares of Cracker Barrel Old Country Store by 50.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 8,567 shares of the restaurant operator's stock valued at $453,000 after purchasing an additional 2,869 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.