Cracker Barrel Old Country Store (NASDAQ:CBRL) Sets New 52-Week Low at $42.52

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $42.52 and last traded at $42.81, with a volume of 211406 shares traded. The stock had previously closed at $43.50.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several analyst reports. Truist Financial decreased their price objective on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. UBS Group decreased their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Piper Sandler decreased their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, CL King lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.14.

Cracker Barrel Old Country Store Trading Up 0.6 %

The firm has a market capitalization of $915.97 million, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. The stock’s 50-day moving average price is $51.06 and its 200 day moving average price is $64.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. Cracker Barrel Old Country Store’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. On average, sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s payout ratio is 191.88%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently bought and sold shares of the business. Pathway Financial Advisers LLC purchased a new position in Cracker Barrel Old Country Store during the first quarter valued at approximately $301,000. Verity Asset Management Inc. acquired a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $322,000. Comerica Bank boosted its stake in Cracker Barrel Old Country Store by 49.6% in the first quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after acquiring an additional 4,263 shares in the last quarter. Earnest Partners LLC boosted its stake in Cracker Barrel Old Country Store by 0.4% in the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after acquiring an additional 7,587 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Cracker Barrel Old Country Store by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator’s stock valued at $948,000 after acquiring an additional 805 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

About Cracker Barrel Old Country Store

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.