Cracker Barrel Old Country Store (NASDAQ:CBRL) Stock Price Up 5% – Still a Buy?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shot up 5% on Friday . The company traded as high as $51.82 and last traded at $51.9840. Approximately 101,289 shares changed hands during trading, a decline of 92% from the average daily volume of 1,299,501 shares. The stock had previously closed at $49.51.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America raised their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. UBS Group upped 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. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a report 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. Finally, Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.14.

Cracker Barrel Old Country Store Stock Up 4.7%

The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $39.35 and a 200-day moving average price of $33.17. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 44.60 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. The firm had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post -0.83 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 86.21%.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

A number of institutional investors and hedge funds have recently bought and sold shares of CBRL. Alliancebernstein L.P. increased its position in Cracker Barrel Old Country Store by 1,068.2% during the second quarter. Alliancebernstein L.P. now owns 1,222,242 shares of the restaurant operator’s stock worth $74,655,000 after buying an additional 1,117,617 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after acquiring an additional 923,409 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at $43,930,000. Marshall Wace LLP purchased a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at $5,225,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at $3,962,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

About Cracker Barrel Old Country Store

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.