Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading 2.7% Higher – Should You Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares traded up 2.7% during trading on Tuesday . The company traded as high as $40.92 and last traded at $39.89. 119,731 shares traded hands during trading, a decline of 85% from the average session volume of 810,518 shares. The stock had previously closed at $38.82.

Wall Street Analyst Weigh In

CBRL has been the subject of several research analyst reports. Loop Capital lowered their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, March 7th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. UBS Group boosted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Citigroup lifted their price objective on shares of Cracker Barrel Old Country Store from $38.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, March 7th. Finally, Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.13.

Cracker Barrel Old Country Store Stock Up 0.8 %

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock’s 50 day simple moving average is $48.12 and its 200 day simple moving average is $49.39. The firm has a market cap of $920.13 million, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 8.36 and a beta of 1.39.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 62.11%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its holdings in Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter worth approximately $56,000. Public Employees Retirement System of Ohio raised its stake in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 247 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cracker Barrel Old Country Store during the third quarter valued at about $79,000. Institutional investors 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.