Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) shares were up 5.2% on Thursday . The stock traded as high as $57.28 and last traded at $57.03. Approximately 119,406 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 736,380 shares. The stock had previously closed at $54.22.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, December 5th. Argus raised Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target for the company in a report on Monday, November 18th. Piper Sandler increased their price objective on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Finally, StockNews.com cut shares of Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.25.
Read Our Latest Stock Analysis on CBRL
Cracker Barrel Old Country Store Price Performance
The company has a market capitalization of $1.27 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The business's fifty day moving average price is $50.32 and its 200-day moving average price is $45.04.
Cracker Barrel Old Country Store Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 55.25%.
Institutional Trading of Cracker Barrel Old Country Store
Hedge funds have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $45,000. Public Employees Retirement System of Ohio grew its holdings in shares of 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 worth $61,000 after purchasing an additional 247 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter worth $79,000. Finally, nVerses Capital LLC raised its holdings in Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator's stock valued at $80,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 96.01% of the company's stock.
About Cracker Barrel Old Country Store
(
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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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