Versor Investments LP bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,960 shares of the restaurant operator’s stock, valued at approximately $336,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Horrell Capital Management Inc. grew its stake in Cracker Barrel Old Country Store by 0.6% in the first quarter. Horrell Capital Management Inc. now owns 29,514 shares of the restaurant operator’s stock valued at $3,353,000 after acquiring an additional 184 shares during the period. Segantii Capital Management Ltd acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at about $1,170,000. Oregon Public Employees Retirement Fund grew its stake in Cracker Barrel Old Country Store by 8.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,100 shares of the restaurant operator’s stock valued at $807,000 after acquiring an additional 568 shares during the period. Edge Capital Group LLC acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at about $57,000. Finally, Beverly Hills Private Wealth LLC grew its stake in Cracker Barrel Old Country Store by 28.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 4,436 shares of the restaurant operator’s stock valued at $504,000 after acquiring an additional 975 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CBRL. CL King decreased their target price on Cracker Barrel Old Country Store from $130.00 to $115.00 in a research note on Wednesday, June 7th. StockNews.com started coverage on Cracker Barrel Old Country Store in a report on Thursday, May 18th. They issued a “hold” rating on the stock. UBS Group cut their price target on Cracker Barrel Old Country Store from $110.00 to $100.00 in a report on Wednesday, June 7th. TheStreet lowered Cracker Barrel Old Country Store from a “b-” rating to a “c+” rating in a report on Tuesday, June 13th. Finally, Piper Sandler started coverage on Cracker Barrel Old Country Store in a report on Monday, July 17th. They issued a “neutral” rating and a $96.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $103.29.
Cracker Barrel Old Country Store Stock Performance
CBRL opened at $90.46 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $88.72 and a 12-month high of $121.17. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 3.52 and a beta of 1.35. The business has a 50 day moving average of $94.50 and a 200-day moving average of $104.16. The company has a quick ratio of 0.20, a current ratio of 0.61 and a debt-to-equity ratio of 0.94.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) 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 net margin of 2.76% and a return on equity of 24.04%. The business had revenue of $832.70 million during the quarter, compared to analyst estimates of $845.71 million. During the same period in the previous year, the business earned $1.29 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 5.38 earnings per share for the current year.
Cracker Barrel Old Country Store Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 8th. Stockholders of record on Friday, July 21st will be given a $1.30 dividend. The ex-dividend date is Thursday, July 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.75%. Cracker Barrel Old Country Store’s payout ratio is 122.64%.
Cracker Barrel Old Country Store Profile
Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.
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