Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Down 5.3% - Time to Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Get Free Report)'s share price was down 5.3% during trading on Tuesday . The company traded as low as $47.44 and last traded at $47.45. Approximately 357,310 shares traded hands during trading, a decline of 52% from the average daily volume of 743,531 shares. The stock had previously closed at $50.09.

Analyst Ratings Changes

A number of equities analysts have commented on CBRL shares. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Argus lowered Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. UBS Group lowered their price objective 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. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Finally, Truist Financial raised their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store currently has an average rating of "Hold" and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

The stock has a fifty day simple moving average of $42.37 and a two-hundred day simple moving average of $46.35. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.23 and a beta of 1.43. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61.

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

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 36.90%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store by 0.3% during 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 during the last quarter. Earnest Partners LLC raised its position in Cracker Barrel Old Country Store by 0.4% during 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 during the last quarter. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $25,636,000. Principal Financial Group Inc. raised its position in Cracker Barrel Old Country Store by 0.3% during 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 during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Cracker Barrel Old Country Store by 47.2% during 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 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.