Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Gap Down – Should You Sell?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $60.74, but opened at $57.68. Cracker Barrel Old Country Store shares last traded at $57.78, with a volume of 369,522 shares trading hands.

Analysts Set New Price Targets

CBRL has been the subject of a number of analyst reports. Bank of America increased their price objective on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, June 6th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial raised their price target on Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Wall Street Zen raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $53.71.

Cracker Barrel Old Country Store Price Performance

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 firm has a market cap of $1.24 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 8.36 and a beta of 1.45. The firm has a 50-day simple moving average of $48.70 and a 200 day simple moving average of $50.07.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating the consensus estimate of $0.17 by $0.41. The business had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.80%. Cracker Barrel Old Country Store’s payout ratio is 38.76%.

Insider Buying and Selling

In other news, major shareholder Gmt Capital Corp purchased 105,900 shares of the business’s stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $35.94 per share, for a total transaction of $3,806,046.00. Following the purchase, the insider now directly owns 2,452,200 shares in the company, valued at $88,132,068. This trade represents a 4.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of large investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in shares of Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator’s stock valued at $333,000 after purchasing an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cracker Barrel Old Country Store by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after buying an additional 417 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $25,000. Finally, MetLife Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator’s stock valued at $707,000 after buying an additional 754 shares in the last quarter. 96.01% of the stock is currently owned by 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.