Cracker Barrel Old Country Store Target of Unusually Large Options Trading (NASDAQ:CBRL)

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was the recipient of some unusual options trading on Wednesday. Investors acquired 5,749 call options on the stock. This represents an increase of approximately 500% compared to the average daily volume of 958 call options.

Several analysts have weighed in on CBRL shares. CL King started coverage on Cracker Barrel Old Country Store in a research report on Monday, December 23rd. They issued a “neutral” rating for the company. Bank of America upgraded Cracker Barrel Old Country Store from an “underperform” rating to a “buy” rating in a report on Monday. BidaskClub downgraded Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, TheStreet downgraded Cracker Barrel Old Country Store from a “b” rating to a “c+” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $170.20.

Hedge funds have recently modified their holdings of the stock. Sugarloaf Wealth Management LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $31,000. Total Clarity Wealth Management Inc. purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $31,000. Manchester Financial Inc. purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $39,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $57,000. Finally, Stonebridge Financial Planning Group LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $73,000. 86.10% of the stock is currently owned by institutional investors.

Shares of Cracker Barrel Old Country Store stock opened at $85.31 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.64 and a debt-to-equity ratio of 1.46. The company has a market cap of $2.27 billion, a PE ratio of 9.34 and a beta of 0.49. The business has a 50 day moving average of $132.36 and a 200 day moving average of $151.89. Cracker Barrel Old Country Store has a 52 week low of $53.61 and a 52 week high of $180.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.12. The company had revenue of $846.10 million during the quarter, compared to the consensus estimate of $838.63 million. Cracker Barrel Old Country Store had a return on equity of 37.31% and a net margin of 7.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.52 earnings per share. On average, research analysts anticipate that Cracker Barrel Old Country Store will post 9.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 17th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $5.20 annualized dividend and a yield of 6.10%. Cracker Barrel Old Country Store’s payout ratio is 56.09%.

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 a restaurant with a gift shop. The company's restaurants serve breakfast, lunch, and dinner. Its gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparel, music CDs, cookware, and various other gift items, as well as pies, cornbread mixes, coffee, syrups, pancake mixes, candies, preserves, and other food items.

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