Cracker Barrel Old Country Store (NASDAQ:CBRL) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.47 and traded as high as $54.71. Cracker Barrel Old Country Store shares last traded at $53.41, with a volume of 1,248,015 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBRL. Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. UBS Group increased 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 report on Wednesday, June 10th. Freedom Capital upgraded shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $28.00 to $34.00 and gave the stock a “sell” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company raised Cracker Barrel Old Country Store from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $50.00 in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.14.

Cracker Barrel Old Country Store Stock Down 0.4%

The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 46.04 and a beta of 1.20. The firm has a 50 day simple moving average of $42.33 and a 200-day simple moving average of $34.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

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

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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 currently 86.21%.

Institutional Trading of Cracker Barrel Old Country Store

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 16.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 400 shares during the period. Captrust Financial Advisors raised its position in shares of Cracker Barrel Old Country Store by 8.4% during the second quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock worth $409,000 after acquiring an additional 519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cracker Barrel Old Country Store by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after acquiring an additional 546 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at $37,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Company Profile

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.