Resources Investment Advisors LLC. Sells 495 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Posted by Defense World Staff on Aug 26th, 2023

Resources Investment Advisors LLC. lowered its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,005 shares of the restaurant operator’s stock after selling 495 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Cracker Barrel Old Country Store were worth $228,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CBRL. Teacher Retirement System of Texas lifted its position in shares of 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 worth $310,000 after acquiring an additional 103 shares during the period. Arizona State Retirement System lifted its position in Cracker Barrel Old Country Store by 1.9% in the fourth 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 period. Horrell Capital Management Inc. boosted its stake in Cracker Barrel Old Country Store by 0.6% during the first quarter. Horrell Capital Management Inc. now owns 29,514 shares of the restaurant operator’s stock worth $3,353,000 after buying an additional 184 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Cracker Barrel Old Country Store by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,379 shares of the restaurant operator’s stock valued at $889,000 after buying an additional 197 shares during the period. Finally, TCM Advisors LLC lifted its holdings in shares of 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 acquiring an additional 200 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CBRL shares. 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, June 7th. StockNews.com initiated coverage on Cracker Barrel Old Country Store in a research report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet cut Cracker Barrel Old Country Store from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Piper Sandler initiated coverage on Cracker Barrel Old Country Store in a report on Monday, July 17th. They set a “neutral” rating and a $96.00 price objective for the company. Finally, Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $88.00 to $79.00 in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $103.29.

Read Our Latest Research Report on CBRL

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL opened at $80.62 on Friday. The business has a fifty day moving average of $91.45 and a 200-day moving average of $101.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.20 and a current ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a twelve month low of $80.56 and a twelve month high of $121.17. The firm has a market cap of $1.79 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last posted its quarterly earnings data on Tuesday, June 6th. The restaurant operator reported $1.21 earnings per share 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 company had revenue of $832.70 million during the quarter, compared to analyst estimates of $845.71 million. During the same quarter in the previous year, the business posted $1.29 EPS. The company’s revenue 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 5.38 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 8th. Shareholders of record on Friday, July 21st were given a $1.30 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $5.20 dividend on an annualized basis and a yield of 6.45%. Cracker Barrel Old Country Store’s payout ratio is 122.64%.

Cracker Barrel Old Country Store Company Profile

(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.