Short Interest in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Rises By 7.0%
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Free Report) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,760,000 shares, an increase of 7.0% from the November 15th total of 2,580,000 shares. Approximately 12.7% of the company’s shares are short sold. Based on an average trading volume of 618,000 shares, the short-interest ratio is currently 4.5 days.
Insider Activity
In related news, CEO Sandra B. Cochran sold 24,700 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $67.13, for a total transaction of $1,658,111.00. Following the transaction, the chief executive officer now directly owns 193,810 shares in the company, valued at approximately $13,010,465.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its position in shares of Cracker Barrel Old Country Store by 12.7% in the 1st quarter. Raymond James & Associates now owns 32,445 shares of the restaurant operator’s stock worth $3,852,000 after purchasing an additional 3,657 shares during the last quarter. US Bancorp DE lifted its stake in shares of Cracker Barrel Old Country Store by 31.9% in the first quarter. US Bancorp DE now owns 2,489 shares of the restaurant operator’s stock worth $296,000 after buying an additional 602 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Cracker Barrel Old Country Store by 3.6% during the first quarter. HighTower Advisors LLC now owns 6,375 shares of the restaurant operator’s stock valued at $761,000 after buying an additional 221 shares during the last quarter. Bank of Montreal Can increased its position in shares of Cracker Barrel Old Country Store by 7.1% during the first quarter. Bank of Montreal Can now owns 5,661 shares of the restaurant operator’s stock valued at $674,000 after acquiring an additional 373 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Cracker Barrel Old Country Store by 40.6% in the 1st quarter. MetLife Investment Management LLC now owns 27,563 shares of the restaurant operator’s stock worth $3,273,000 after acquiring an additional 7,963 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on CBRL. UBS Group cut their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, December 1st. Loop Capital lowered their price target on Cracker Barrel Old Country Store from $97.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, September 14th. Truist Financial cut their price objective on Cracker Barrel Old Country Store from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Thursday, September 14th. Citigroup reduced their target price on Cracker Barrel Old Country Store from $77.00 to $66.00 and set a “sell” rating on the stock in a research note on Thursday, September 14th. Finally, CL King dropped their price target on Cracker Barrel Old Country Store from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $87.56.
Check Out Our Latest Report on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Stock Up 0.6 %
Cracker Barrel Old Country Store stock traded up $0.50 on Friday, hitting $80.32. 987,561 shares of the stock traded hands, compared to its average volume of 544,959. Cracker Barrel Old Country Store has a 1 year low of $62.69 and a 1 year high of $121.17. The firm has a market cap of $1.78 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 6.77 and a beta of 1.43. The company has a current ratio of 0.62, a quick ratio of 0.17 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $70.94 and its 200 day simple moving average is $80.69.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last issued its quarterly earnings results on Thursday, November 30th. The restaurant operator reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.23). Cracker Barrel Old Country Store had a net margin of 2.55% and a return on equity of 23.34%. The business had revenue of $823.80 million for the quarter, compared to analysts’ expectations of $823.18 million. During the same period last year, the business earned $0.99 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Cracker Barrel Old Country Store will post 4.92 earnings per share for the current year.
Cracker Barrel Old Country Store Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, January 19th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Thursday, January 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 132.32%.
About Cracker Barrel Old Country Store (Get Free Report)
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.
Further Reading
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