Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Pass Above 200-Day Moving Average of $71.86

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $71.86 and traded as high as $72.74. Cracker Barrel Old Country Store shares last traded at $72.57, with a volume of 957,140 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBRL. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. Truist Financial cut their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler cut their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Finally, UBS Group cut their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.14.

Cracker Barrel Old Country Store Price Performance

The firm has a market cap of $1.61 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 4.67 and a beta of 1.44. The stock’s fifty day moving average price is $72.02 and its 200-day moving average price is $71.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.62 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 7.17%. The ex-dividend date is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

Institutional Trading of Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. lifted its position in shares of Cracker Barrel Old Country Store by 23.0% during the fourth quarter. Nomura Holdings Inc. now owns 56,783 shares of the restaurant operator’s stock worth $4,377,000 after purchasing an additional 10,618 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Cracker Barrel Old Country Store by 18.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 582 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $199,000. Virtu Financial LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $469,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Cracker Barrel Old Country Store by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,223 shares of the restaurant operator’s stock worth $943,000 after purchasing an additional 966 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

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.