Cracker Barrel Old Country Store (NASDAQ:CBRL) Sets New 52-Week High – Time to Buy?

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) hit a new 52-week high during trading on Wednesday. The company traded as high as $72.07 and last traded at $70.0250, with a volume of 495,398 shares trading hands. The stock had previously closed at $68.19.

Analyst Ratings Changes

CBRL has been the subject of a number of recent analyst reports. Weiss Ratings raised Cracker Barrel Old Country Store from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. UBS Group lifted their target price on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, September 21st. Wells Fargo & Company upped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Bank of America restated an “underperform” rating and issued a $48.00 target price on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 24th. Finally, Zacks Research upgraded Cracker Barrel Old Country Store from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.86.

Cracker Barrel Old Country Store Trading Up 0.3%

The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.62 billion, a P/E ratio of 51.94, a P/E/G ratio of 1.69 and a beta of 1.21. The stock’s 50 day moving average price is $56.55 and its 200-day moving average price is $42.56.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.82. The firm had revenue of $849.34 million for the quarter, compared to analyst estimates of $834.57 million. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. As a group, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 1.56 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.00 annualized dividend and a yield of 1.4%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 71.43%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $52.08, for a total transaction of $182,280.00. Following the transaction, the senior vice president owned 43,702 shares of the company’s stock, valued at $2,276,000.16. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of the company. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth approximately $28,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $91,000. PNC Financial Services Group Inc. raised its stake in Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 321 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $103,000. Finally, Biglari Capital CORP. bought a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at $106,600. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve homestyle, Southern-inspired food, including breakfast, lunch and dinner offerings, along with beverages and seasonal menu items.

The company’s adjoining retail stores sell a range of merchandise, including home décor, apparel, gifts, toys, food products and other items associated with country living and traditional American culture.