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 growth in short interest in February. As of February 15th, there was short interest totalling 3,180,000 shares, a growth of 22.3% from the January 31st total of 2,600,000 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average daily trading volume, of 750,500 shares, the short-interest ratio is presently 4.2 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Thursday, December 5th. UBS Group raised their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $46.00 to $58.00 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, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.63.

Cracker Barrel Old Country Store Price Performance

CBRL stock traded up $0.11 during midday trading on Wednesday, reaching $40.02. 49,592 shares of the company’s stock traded hands, compared to its average volume of 719,357. The company has a 50-day simple moving average of $54.55 and a two-hundred day simple moving average of $49.18. 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 $74.21. The company has a market cap of $890.74 million, a price-to-earnings ratio of 22.30, a PEG ratio of 8.36 and a beta of 1.48.

Institutional Trading of Cracker Barrel Old Country Store

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings in Cracker Barrel Old Country Store by 685.9% during 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 during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $56,000. Public Employees Retirement System of Ohio increased its holdings in shares of Cracker Barrel Old Country Store by 22.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,349 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 247 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $79,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

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.