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 decline in short interest in November. As of November 30th, there was short interest totalling 2,430,000 shares, a decline of 12.9% from the November 15th total of 2,790,000 shares. Currently, 11.2% of the shares of the stock are short sold. Based on an average daily volume of 736,700 shares, the short-interest ratio is currently 3.3 days.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $2,526,000. Charles Schwab Investment Management Inc. raised its stake in shares of Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after acquiring an additional 111,892 shares during the last quarter. PDT Partners LLC raised its stake in shares of Cracker Barrel Old Country Store by 199.3% during the third quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock valued at $1,357,000 after acquiring an additional 19,925 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Cracker Barrel Old Country Store by 74.1% during the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after acquiring an additional 13,040 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $1,016,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $51.24 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.14 billion, a PE ratio of 28.31, a P/E/G ratio of 2.15 and a beta of 1.45. The firm has a fifty day simple moving average of $48.81 and a two-hundred day simple moving average of $44.75. 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 posted its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 earnings per share. Research analysts expect that Cracker Barrel Old Country Store will post 2.82 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of recent analyst reports. Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Bank of America boosted their price target 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. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, November 18th. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, Piper Sandler lifted their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.25.

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.