Cracker Barrel Old Country Store (NASDAQ:CBRL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.70 and traded as high as $31.02. Cracker Barrel Old Country Store shares last traded at $30.71, with a volume of 1,350,771 shares.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of recent analyst reports. Freedom Capital upgraded shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research report on Monday, April 6th. Citigroup increased their target price on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, March 5th. Wall Street Zen cut Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Thursday, March 5th. Finally, UBS Group upped their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus target price of $37.75.

Cracker Barrel Old Country Store Stock Up 5.3%

The firm has a market capitalization of $686.40 million, a PE ratio of -170.60 and a beta of 1.29. The firm’s 50-day moving average is $29.15 and its 200 day moving average is $29.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.18 and a current ratio of 0.49.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.The firm had revenue of $874.82 million for the quarter, compared to analysts’ expectations of $862.89 million. During the same quarter in the prior year, the firm earned $1.38 EPS. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, research analysts forecast that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, April 10th. Cracker Barrel Old Country Store’s payout ratio is currently -555.56%.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in Cracker Barrel Old Country Store by 19.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the last quarter. State Street Corp boosted its holdings in shares of Cracker Barrel Old Country Store by 1.1% during the fourth quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock worth $22,174,000 after purchasing an additional 9,332 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cracker Barrel Old Country Store by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock worth $32,756,000 after buying an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at about $43,930,000. 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 operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.