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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,790,000 shares, a growth of 15.8% from the October 31st total of 2,410,000 shares. Approximately 12.9% of the company’s shares are sold short. Based on an average daily trading volume, of 694,000 shares, the days-to-cover ratio is presently 4.0 days.

Cracker Barrel Old Country Store Stock Down 1.6 %

Shares of CBRL stock traded down $0.93 on Tuesday, reaching $55.71. 1,197,551 shares of the stock were exchanged, compared to its average volume of 671,827. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.61 and a beta of 1.45. The business’s 50 day moving average price is $47.69 and its 200 day moving average price is $44.41. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. Cracker Barrel Old Country Store has a twelve month low of $34.88 and a twelve month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period last year, the firm earned $1.79 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Cracker Barrel Old Country Store will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Analyst Ratings Changes

CBRL has been the subject of a number of research analyst reports. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, November 15th. Truist Financial lifted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, Piper Sandler upped their price objective on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $51.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 30.3% during the third quarter. Franklin Resources Inc. now owns 6,446 shares of the restaurant operator’s stock worth $280,000 after purchasing an additional 1,498 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares during the period. MML Investors Services LLC purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $213,000. iSAM Funds UK Ltd purchased a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $238,000. Finally, Point72 DIFC Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter worth approximately $264,000. 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.