Cracker Barrel Old Country Store Inc (NASDAQ:CBRL)’s traded shares stood at 0.88 million during the last session, with the company’s beta value hitting 1.46. At the close of trading, the stock’s price was $50.21, to imply a decrease of -1.66% or -$0.85 in intraday trading. The CBRL share’s 52-week high remains $83.51, putting it -66.32% down since that peak but still an impressive 30.53% since price per share fell to its 52-week low of $34.88. The company has a valuation of $1.12B, with an average of 0.88 million shares in intraday trading volume over the past 10 days and average of 730.74K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Cracker Barrel Old Country Store Inc (CBRL), translating to a mean rating of 3.30. Of 6 analyst(s) looking at the stock, 2 analyst(s) give CBRL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.0.
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Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) trade information
After registering a -1.66% downside in the last session, Cracker Barrel Old Country Store Inc (CBRL) has traded red over the past five days. The 5-day price performance for the stock is -9.63%, and -1.20% over 30 days. With these gigs, the year-to-date price performance is -34.86%. Short interest in Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) saw shorts transact 2.79 million shares and set a 4.56 days time to cover.
The extremes give us $40 and $58 for target low and target high price respectively. As such, CBRL has been trading -15.51% off suggested target high and 20.33% from its likely low.
Cracker Barrel Old Country Store Inc (CBRL) estimates and forecasts
Looking at statistics comparing Cracker Barrel Old Country Store Inc share performance against respective industry, we note that the company has underperformed competitors. Cracker Barrel Old Country Store Inc (CBRL) shares are 3.83% up over the last 6 months, with its year-to-date growth rate lower than industry average at -17.61% against 1.00%. The rating firms project that company’s revenue will shrink -0.33% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 940.22M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 831.62M.Earnings reports from the last fiscal year show that sales brought in 935.4M and 817.13M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.52% before jumping 1.77% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -27.68% for the past 5-year period. While 2024 is set for a -22.43% return in earnings, projections for the next 5 years are at 11.90% annually.
CBRL Dividends
Cracker Barrel Old Country Store Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cracker Barrel Old Country Store Inc has a forward dividend ratio of 3.10, with the share yield ticking at 6.17% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.76%.
Cracker Barrel Old Country Store Inc (NASDAQ:CBRL)’s Major holders
Cracker Barrel Old Country Store Inc insiders hold 1.40% of total outstanding shares, with institutional holders owning 93.38% of the shares at 94.70% float percentage. In total, 93.38% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 3.45 million shares (or 15.5333% of shares), all amounting to roughly $145.4 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.62 million shares, or about 11.818% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $110.62 million.
