Cracker Barrel Old Country Store (NASDAQ:CBRL) Hits New 1-Year High – Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $72.07 and last traded at $70.0250, with a volume of 495,398 shares trading hands. The stock had previously closed at $68.19.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Bank of America restated an “underperform” rating and issued a $48.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 24th. Piper Sandler reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Finally, Citigroup lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.86.

Cracker Barrel Old Country Store Stock Up 2.9%

The stock has a market cap of $1.57 billion, a PE ratio of 50.11, a PEG ratio of 1.61 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.58 and a quick ratio of 0.24. The company has a 50 day moving average price of $55.97 and a two-hundred day moving average price of $42.15.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.17 by $0.82. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%. The company had revenue of $849.34 million for the quarter, compared to analysts’ expectations of $834.57 million. During the same period last year, the firm posted $0.74 earnings per share. Cracker Barrel Old Country Store’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Friday, October 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Cracker Barrel Old Country Store’s payout ratio is 71.43%.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $52.08, for a total transaction of $182,280.00. Following the transaction, the senior vice president owned 43,702 shares in the company, valued at approximately $2,276,000.16. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in CBRL. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $921,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 17.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,625 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 396 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Cracker Barrel Old Country Store by 8.6% in the third quarter. Sterling Capital Management LLC now owns 7,283 shares of the restaurant operator’s stock worth $383,000 after acquiring an additional 575 shares during the period. SummerHaven Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at $1,018,000. Finally, WINTON GROUP Ltd purchased a new stake in Cracker Barrel Old Country Store during the second quarter valued at $347,000. 96.01% of the stock is currently owned by institutional investors.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve homestyle, Southern-inspired food, including breakfast, lunch and dinner offerings, along with beverages and seasonal menu items.

The company’s adjoining retail stores sell a range of merchandise, including home décor, apparel, gifts, toys, food products and other items associated with country living and traditional American culture.