Aviance Capital Partners LLC Grows Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aviance Capital Partners LLC increased its position in 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 filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,474 shares of the restaurant operator's stock after purchasing an additional 7,638 shares during the period. Aviance Capital Partners LLC owned approximately 0.15% of Cracker Barrel Old Country Store worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in Cracker Barrel Old Country Store by 151.9% in the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock worth $40,544,000 after acquiring an additional 462,542 shares in the last quarter. Towle & Co. bought a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $13,575,000. Charles Schwab Investment Management Inc. boosted its stake in Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after purchasing an additional 106,440 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $4,597,000. Finally, Woodline Partners LP bought a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $3,990,000. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 2.1%

CBRL traded down $1.42 on Monday, hitting $65.46. The company had a trading volume of 1,053,990 shares, compared to its average volume of 852,853. The stock has a fifty day moving average price of $55.40 and a 200-day moving average price of $51.02. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $68.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 6.23 and a beta of 1.45.

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

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed 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 1.53%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's payout ratio is 38.76%.

Insider Buying and Selling

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp acquired 53,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the purchase, the insider owned 2,833,700 shares in the company, valued at approximately $126,383,020. The trade was a 1.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 279,407 shares of company stock worth $11,873,864. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

CBRL has been the topic of several recent research reports. Loop Capital increased 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. Truist Financial lifted their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, UBS Group reiterated a "neutral" rating and set a $60.00 target price (up from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of "Hold" and an average target price of $53.86.

About Cracker Barrel Old Country Store

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.