Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Short Interest Update

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 3,080,000 shares, an increase of 19.8% from the December 31st total of 2,570,000 shares. Based on an average daily volume of 728,200 shares, the short-interest ratio is presently 4.2 days. Currently, 14.2% of the company’s stock are sold short.

Cracker Barrel Old Country Store Trading Down 1.5 %

Shares of CBRL traded down $0.99 during mid-day trading on Monday, hitting $64.00. 43,691 shares of the company’s stock traded hands, compared to its average volume of 713,891. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store has a 1 year low of $34.88 and a 1 year high of $80.99. The firm has a market capitalization of $1.42 billion, a P/E ratio of 35.14, a PEG ratio of 11.25 and a beta of 1.47. The business’s 50-day moving average price is $55.65 and its 200-day moving average price is $47.88.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group increased their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Bank of America raised their target price on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Loop Capital raised their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Piper Sandler raised their target price on Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com lowered Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.63.

Institutional Investors Weigh In On Cracker Barrel Old Country Store

Several hedge funds have recently made changes to their positions in the company. Good Life Advisors LLC bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $404,000. Principal Financial Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 107,820 shares of the restaurant operator’s stock worth $5,699,000 after acquiring an additional 2,988 shares in the last quarter. Empowered Funds LLC bought a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $213,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cracker Barrel Old Country Store by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,069 shares of the restaurant operator’s stock worth $906,000 after acquiring an additional 2,531 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $256,000. 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.