Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Gap Up – What’s Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) gapped up before the market opened on Thursday . The stock had previously closed at $45.27, but opened at $50.00. Cracker Barrel Old Country Store shares last traded at $46.49, with a volume of 208,799 shares traded.

Analyst Ratings Changes

CBRL has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of 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. Bank of America lifted their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Loop Capital decreased 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 research report on Friday, September 20th. Finally, UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The firm has a 50-day moving average price of $44.72 and a two-hundred day moving average price of $45.02. The firm has a market capitalization of $1.11 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.29 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data 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 return on equity of 18.65% and a net margin of 1.18%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period last year, the company earned $1.79 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 54.35%.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently added to or reduced their stakes in CBRL. Marshall Wace LLP purchased a new stake in Cracker Barrel Old Country Store in the second quarter worth about $25,636,000. Charles Schwab Investment Management Inc. lifted its stake in Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after acquiring an additional 111,892 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 47.2% during the first quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock valued at $6,489,000 after buying an additional 28,627 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at about $1,287,000. Finally, AQR Capital Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 57.1% during the second quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after buying an additional 22,658 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

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.