Cracker Barrel Old Country Store (NASDAQ:CBRL) Trading 8.3% Higher – What’s Next?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares traded up 8.3% on Thursday . The company traded as high as $46.81 and last traded at $47.52. 136,049 shares traded hands during trading, a decline of 90% from the average session volume of 1,314,943 shares. The stock had previously closed at $43.88.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 13th. Argus lifted their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Wells Fargo & Company upgraded shares of Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $50.00 in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.14.

Cracker Barrel Old Country Store Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The company’s 50 day moving average price is $32.72 and its 200 day moving average price is $30.61. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 41.09 and a beta of 1.30.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same quarter in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post -0.97 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s payout ratio is currently 86.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Axiom Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $28,000. Parvin Asset Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. Parvin Asset Management LLC now owns 16,635 shares of the restaurant operator’s stock valued at $468,000 after buying an additional 1,150 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Cracker Barrel Old Country Store by 55.0% in the first quarter. Royal Bank of Canada now owns 153,397 shares of the restaurant operator’s stock valued at $4,312,000 after buying an additional 54,431 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $251,000. Finally, Quantinno Capital Management LP bought a new position in shares of Cracker Barrel Old Country Store in the first quarter valued at about $858,000. 96.01% of the stock is owned by institutional investors.

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.