Cracker Barrel Old Country Store (NASDAQ:CBRL) Reaches New 12-Month Low – What’s Next?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) reached a new 52-week low during trading on Tuesday . The company traded as low as $25.62 and last traded at $26.17, with a volume of 3042902 shares. The stock had previously closed at $27.09.

Analysts Set New Price Targets

CBRL has been the topic of several analyst reports. Truist Financial set a $58.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 18th. Zacks Research downgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Wall Street Zen cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Citigroup reduced their target price on Cracker Barrel Old Country Store from $42.00 to $24.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Piper Sandler decreased their target price on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $48.63.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The firm has a fifty day simple moving average of $37.37 and a 200 day simple moving average of $51.47. The company has a market capitalization of $582.78 million, a PE ratio of 12.64 and a beta of 1.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. The business had revenue of $845.09 million during the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%. Equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 48.31%.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Several institutional investors have recently bought and sold shares of CBRL. Meeder Asset Management Inc. bought a new position in Cracker Barrel Old Country Store in the first quarter worth approximately $45,000. XTX Topco Ltd bought a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth $945,000. Bayforest Capital Ltd purchased a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth $342,000. Invesco Ltd. boosted its position in Cracker Barrel Old Country Store by 17.0% during the first quarter. Invesco Ltd. now owns 199,396 shares of the restaurant operator’s stock valued at $7,741,000 after purchasing an additional 28,966 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Cracker Barrel Old Country Store by 27.7% in the first quarter. Public Sector Pension Investment Board now owns 70,595 shares of the restaurant operator’s stock valued at $2,740,000 after purchasing an additional 15,323 shares during 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.