Bank of New York Mellon Corp Sells 14,547 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Bank of New York Mellon Corp lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 164,560 shares of the restaurant operator's stock after selling 14,547 shares during the period. Bank of New York Mellon Corp owned about 0.74% of Cracker Barrel Old Country Store worth $6,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Huntleigh Advisors Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at $248,000. Aviance Capital Partners LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 29.6% in the first quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator's stock valued at $1,299,000 after purchasing an additional 7,638 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 2.9% in the first quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator's stock valued at $4,305,000 after purchasing an additional 3,075 shares in the last quarter. Capital Investment Counsel Inc increased its stake in shares of Cracker Barrel Old Country Store by 53.2% in the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after acquiring an additional 9,875 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 23.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator's stock worth $537,000 after acquiring an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

CBRL traded down $1.08 during midday trading on Friday, reaching $65.78. 530,498 shares of the company's stock were exchanged, compared to its average volume of 991,385. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 6.69 and a beta of 1.45. The business has a 50-day simple moving average of $60.95 and a two-hundred day simple moving average of $52.22. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year high of $71.93.

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, beating analysts' consensus estimates of $0.17 by $0.41. The business had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. Cracker Barrel Old Country Store's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, July 18th. Cracker Barrel Old Country Store's dividend payout ratio is currently 38.76%.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp bought 53,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $44.60 per share, with a total value of $2,363,800.00. Following the acquisition, the insider owned 2,833,700 shares of the company's stock, valued at approximately $126,383,020. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 141,607 shares of company stock valued at $6,104,231 over the last three months. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CBRL shares. Truist Financial increased their target price on shares of 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. Bank of America raised their price target on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Citigroup reiterated a "sell" rating and issued a $42.00 target price (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, June 6th. Finally, UBS Group reiterated a "neutral" rating and issued a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and a consensus target price of $55.14.

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. 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.