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 growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,870,000 shares, a growth of 7.9% from the March 15th total of 2,660,000 shares. Approximately 13.2% of the company’s shares are sold short. Based on an average daily volume of 622,500 shares, the days-to-cover ratio is currently 4.6 days.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC grew its position in shares of Cracker Barrel Old Country Store by 7.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after buying an additional 253 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Cracker Barrel Old Country Store by 6.1% during the fourth quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock worth $1,477,000 after buying an additional 1,098 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Cracker Barrel Old Country Store by 162.6% during the third quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock worth $5,017,000 after buying an additional 46,232 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cracker Barrel Old Country Store by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock worth $46,541,000 after purchasing an additional 24,902 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 22.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator’s stock worth $1,596,000 after purchasing an additional 3,794 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Wednesday, February 28th. UBS Group cut their price objective on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Citigroup raised their price objective on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Finally, Piper Sandler cut their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average target price of $77.14.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $60.09 on Wednesday. The company has a market cap of $1.33 billion, a P/E ratio of 16.02, a P/E/G ratio of 4.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. The stock has a 50-day moving average of $68.90 and a two-hundred day moving average of $71.61. Cracker Barrel Old Country Store has a 1-year low of $56.79 and a 1-year high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same period in the previous year, the company posted $1.48 EPS. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Cracker Barrel Old Country Store will post 4.62 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

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.