Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 6%

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) rose 6% during mid-day trading on Tuesday . The company traded as high as $48.13 and last traded at $48.06. Approximately 466,377 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 756,098 shares. The stock had previously closed at $45.35.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of research reports. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group lowered their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, September 20th. Loop Capital lowered their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Stock Up 3.4 %

The company has a 50-day moving average price of $40.93 and a 200 day moving average price of $48.83. The firm has a market capitalization of $1.04 billion, a PE ratio of 17.30, a P/E/G ratio of 1.11 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the previous year, the firm earned $1.79 earnings per share. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.1 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.13%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 36.90%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several large investors have recently made changes to their positions in CBRL. Marshall Wace LLP bought a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $25,636,000. Norges Bank bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $10,727,000. Verition Fund Management LLC increased its stake in Cracker Barrel Old Country Store by 423.9% during the fourth quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock worth $6,308,000 after acquiring an additional 66,215 shares during the last quarter. Armistice Capital LLC bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $3,854,000. Finally, Miller Howard Investments Inc. NY bought a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $2,909,000. 96.01% of the stock is owned by 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.