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

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,630,000 shares, a decline of 17.3% from the February 13th total of 3,180,000 shares. Based on an average daily volume of 828,600 shares, the days-to-cover ratio is presently 3.2 days. Currently, 12.1% of the company’s shares are sold short.

Cracker Barrel Old Country Store Stock Down 0.5 %

Shares of NASDAQ:CBRL traded down $0.21 during midday trading on Tuesday, reaching $39.33. The company had a trading volume of 359,759 shares, compared to its average volume of 779,500. The stock has a market capitalization of $875.56 million, a P/E ratio of 21.68, a PEG ratio of 8.36 and a beta of 1.57. The stock’s fifty day moving average price is $52.15 and its 200-day moving average price is $49.24. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. Cracker Barrel Old Country Store has a one year low of $34.88 and a one year high of $74.21.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 62.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CBRL shares. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, November 18th. Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Finally, UBS Group lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued 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 an average target price of $57.13.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of CBRL. Sterling Capital Management LLC grew its position in shares of Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 913 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth $56,000. Public Employees Retirement System of Ohio lifted its position in shares of Cracker Barrel Old Country Store by 22.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $79,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Company Profile

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.