ExodusPoint Capital Management LP Increases Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Posted by Defense World Staff on Jun 9th, 2023

ExodusPoint Capital Management LP increased its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,244 shares of the restaurant operator’s stock after purchasing an additional 2,974 shares during the period. ExodusPoint Capital Management LP owned 0.10% of Cracker Barrel Old Country Store worth $2,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas grew its position in Cracker Barrel Old Country Store by 3.3% during the 4th quarter. Teacher Retirement System of Texas now owns 3,269 shares of the restaurant operator’s stock worth $310,000 after purchasing an additional 103 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Cracker Barrel Old Country Store by 43.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 112 shares during the period. Arizona State Retirement System raised its holdings in Cracker Barrel Old Country Store by 1.9% in the 4th quarter. Arizona State Retirement System now owns 6,108 shares of the restaurant operator’s stock worth $579,000 after acquiring an additional 112 shares during the period. Credit Suisse AG raised its holdings in Cracker Barrel Old Country Store by 0.7% in the 3rd quarter. Credit Suisse AG now owns 18,352 shares of the restaurant operator’s stock worth $1,700,000 after acquiring an additional 135 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in Cracker Barrel Old Country Store by 42.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 500 shares of the restaurant operator’s stock worth $47,000 after acquiring an additional 150 shares during the period. 87.19% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $95.19 on Friday. The firm has a 50 day moving average of $105.89 and a 200-day moving average of $106.60. The stock has a market capitalization of $2.11 billion, a PE ratio of 22.45, a PEG ratio of 3.87 and a beta of 1.38. Cracker Barrel Old Country Store, Inc. has a 12 month low of $81.87 and a 12 month high of $121.17. The company has a current ratio of 0.61, a quick ratio of 0.26 and a debt-to-equity ratio of 0.94.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last released its quarterly earnings data on Tuesday, June 6th. The restaurant operator reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.13). Cracker Barrel Old Country Store had a return on equity of 24.04% and a net margin of 2.76%. The company had revenue of $832.70 million for the quarter, compared to analyst estimates of $845.71 million. During the same quarter in the prior year, the company earned $1.29 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 5.82 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 8th. Investors of record on Friday, July 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, July 20th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 122.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CBRL shares. Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $88.00 to $79.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cracker Barrel Old Country Store from $100.00 to $110.00 in a research note on Wednesday, March 1st. CL King lowered their target price on shares of Cracker Barrel Old Country Store from $130.00 to $115.00 in a research note on Wednesday. UBS Group cut their price objective on shares of Cracker Barrel Old Country Store from $110.00 to $100.00 in a report on Wednesday. Finally, Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $103.00.

Cracker Barrel Old Country Store Company Profile

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Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.