Tower Research Capital LLC TRC Acquires 5,199 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Posted by on Aug 19th, 2023

Tower Research Capital LLC TRC boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 537.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,167 shares of the restaurant operator’s stock after buying an additional 5,199 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Cracker Barrel Old Country Store were worth $700,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its holdings in Cracker Barrel Old Country Store by 3.3% in the 4th quarter. Teacher Retirement System of Texas now owns 3,269 shares of the restaurant operator’s stock valued at $310,000 after buying an additional 103 shares during the last quarter. Arizona State Retirement System raised its holdings in Cracker Barrel Old Country Store by 1.9% during the 4th quarter. Arizona State Retirement System now owns 6,108 shares of the restaurant operator’s stock worth $579,000 after purchasing an additional 112 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in Cracker Barrel Old Country Store by 0.6% during the 1st quarter. Horrell Capital Management Inc. now owns 29,514 shares of the restaurant operator’s stock worth $3,353,000 after purchasing an additional 184 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Cracker Barrel Old Country Store by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,379 shares of the restaurant operator’s stock worth $889,000 after purchasing an additional 197 shares during the last quarter. Finally, TCM Advisors LLC raised its holdings in Cracker Barrel Old Country Store by 3.3% during the 4th quarter. TCM Advisors LLC now owns 6,200 shares of the restaurant operator’s stock worth $587,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $85.09 on Friday. The company has a fifty day simple moving average of $92.71 and a 200 day simple moving average of $102.86. Cracker Barrel Old Country Store, Inc. has a 12-month low of $83.36 and a 12-month high of $121.17. The company has a current ratio of 0.61, a quick ratio of 0.20 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.88 billion, a P/E ratio of 20.07, a PEG ratio of 3.34 and a beta of 1.35.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last posted its quarterly earnings results on Tuesday, June 6th. The restaurant operator reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 posted $1.29 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 5.38 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 8th. Investors of record on Friday, July 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Thursday, July 20th. Cracker Barrel Old Country Store’s payout ratio is currently 122.64%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Cracker Barrel Old Country Store in a report on Thursday. They set a “hold” rating for the company. Piper Sandler began coverage on shares of Cracker Barrel Old Country Store in a report on Monday, July 17th. They set a “neutral” rating and a $96.00 price target for the company. Truist Financial reduced their price objective on shares of Cracker Barrel Old Country Store from $103.00 to $97.00 in a research report on Wednesday, June 7th. TheStreet downgraded shares of Cracker Barrel Old Country Store from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Finally, Citigroup reduced their price objective on shares of Cracker Barrel Old Country Store from $88.00 to $79.00 in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.29.

Read Our Latest Stock Analysis on Cracker Barrel Old Country Store

About Cracker Barrel Old Country Store

(Free Report)

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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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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