Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stake Boosted by Aviance Capital Partners LLC

Aviance Capital Partners LLC grew its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,474 shares of the restaurant operator's stock after buying an additional 7,638 shares during the period. Aviance Capital Partners LLC owned 0.15% of Cracker Barrel Old Country Store worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CBRL. Sterling Capital Management LLC raised its holdings in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 487 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 913 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $56,000. Occudo Quantitative Strategies LP bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $207,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Cracker Barrel Old Country Store during the fourth quarter worth approximately $217,000. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL traded down $0.23 during trading on Friday, hitting $67.71. The company had a trading volume of 375,573 shares, compared to its average volume of 851,766. The company has a market cap of $1.51 billion, a P/E ratio of 26.24, a PEG ratio of 6.23 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a 52 week low of $33.86 and a 52 week high of $68.09. The business's 50-day moving average is $54.92 and its 200 day moving average is $50.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. The company had revenue of $821.10 million for the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 38.76%.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp bought 53,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $44.60 per share, with a total value of $2,363,800.00. Following the purchase, the insider directly owned 2,833,700 shares in the company, valued at $126,383,020. This trade represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 279,407 shares of company stock worth $11,873,864. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CBRL. UBS Group reissued a "neutral" rating and set a $60.00 target price (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a report on Tuesday, June 3rd. Bank of America boosted their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a report on Friday, June 6th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Benchmark reaffirmed a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Loop Capital upped their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $53.86.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.