Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Update

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 2,520,000 shares, an increase of 14.5% from the September 30th total of 2,200,000 shares. Approximately 11.6% of the shares of the stock are sold short. Based on an average trading volume of 691,200 shares, the days-to-cover ratio is currently 3.6 days.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded down $0.67 during trading on Tuesday, reaching $49.28. 338,270 shares of the company's stock traded hands, compared to its average volume of 738,229. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.09 billion, a PE ratio of 18.18, a P/E/G ratio of 1.23 and a beta of 1.43. The company has a 50-day simple moving average of $43.18 and a 200-day simple moving average of $45.85.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. Cracker Barrel Old Country Store's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. As a group, analysts predict that Cracker Barrel Old Country Store will post 2.94 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store's dividend payout ratio is presently 36.90%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CBRL shares. Argus cut Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. UBS Group cut their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, September 19th. Truist Financial upped their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Friday, September 20th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Loop Capital lowered their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating for the company in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $53.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CBRL. Vanguard Group Inc. lifted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator's stock worth $190,263,000 after purchasing an additional 6,804 shares in the last quarter. Earnest Partners LLC lifted its stake in Cracker Barrel Old Country Store by 0.4% in the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator's stock worth $148,107,000 after purchasing an additional 7,587 shares in the last quarter. Marshall Wace LLP purchased a new position in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $25,636,000. Principal Financial Group Inc. lifted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator's stock worth $8,408,000 after purchasing an additional 381 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 47.2% in the 1st quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator's stock worth $6,489,000 after purchasing an additional 28,627 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.