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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,600,000 shares, a decrease of 15.6% from the January 15th total of 3,080,000 shares. Currently, 12.0% of the shares of the stock are sold short. Based on an average trading volume of 753,300 shares, the short-interest ratio is currently 3.5 days.

Institutional Trading of Cracker Barrel Old Country Store

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its stake in Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after acquiring an additional 462,542 shares in the last quarter. Towle & Co. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $13,575,000. Cibc World Market Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $11,711,000. Charles Schwab Investment Management Inc. grew its stake in Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after buying an additional 111,892 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in Cracker Barrel Old Country Store during the third quarter worth approximately $4,498,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday. Bank of America increased their price objective on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $48.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Loop Capital boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus price target of $57.63.

Cracker Barrel Old Country Store Stock Down 4.2 %

CBRL stock traded down $2.08 during mid-day trading on Monday, reaching $47.33. The company had a trading volume of 625,823 shares, compared to its average volume of 671,293. The firm has a fifty day simple moving average of $56.05 and a 200 day simple moving average of $48.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 10.38 and a beta of 1.48. Cracker Barrel Old Country Store has a fifty-two week low of $34.88 and a fifty-two week high of $74.54.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 17th were issued a $0.25 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 2.11%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 55.25%.

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.