Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.57 and traded as high as $57.84. Cracker Barrel Old Country Store shares last traded at $52.97, with a volume of 980,399 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CBRL. Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. UBS Group upped 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. StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Loop Capital increased their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Piper Sandler increased their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 10.38 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The stock has a 50-day moving average price of $56.35 and a 200 day moving average price of $48.57.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently modified their holdings of CBRL. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 913 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Cracker Barrel Old Country Store by 22.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after buying an additional 247 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cracker Barrel Old Country Store during the third quarter worth about $79,000. nVerses Capital LLC grew its holdings in shares of Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock worth $109,000 after buying an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Cracker Barrel Old Country Store by 142.8% during the fourth quarter. GAMMA Investing LLC now owns 2,370 shares of the restaurant operator’s stock worth $125,000 after buying an additional 1,394 shares in the last quarter. 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.