Capital Investment Counsel Inc Has $1.10 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capital Investment Counsel Inc grew its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,442 shares of the restaurant operator's stock after buying an additional 9,875 shares during the period. Capital Investment Counsel Inc owned 0.13% of Cracker Barrel Old Country Store worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CBRL. Oppenheimer Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 23.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator's stock worth $537,000 after buying an additional 2,661 shares during the period. Wedge Capital Management L L P NC increased its stake in Cracker Barrel Old Country Store by 42.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 43,766 shares of the restaurant operator's stock valued at $1,699,000 after purchasing an additional 13,100 shares in the last quarter. Investors Research Corp raised its stake in shares of Cracker Barrel Old Country Store by 24.9% in the first quarter. Investors Research Corp now owns 6,620 shares of the restaurant operator's stock worth $257,000 after purchasing an additional 1,320 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Cracker Barrel Old Country Store by 1,901.6% in the first quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator's stock worth $1,842,000 after purchasing an additional 45,068 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cracker Barrel Old Country Store by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,837 shares of the restaurant operator's stock worth $1,894,000 after acquiring an additional 4,192 shares during the period. Institutional investors own 96.01% of the company's stock.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of research analyst reports. Bank of America lifted their price target on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Benchmark reissued a "hold" rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Citigroup reaffirmed a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, UBS Group reaffirmed a "neutral" rating and set a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Two 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. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average price target of $53.86.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought 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 in the company, valued at approximately $126,383,020. The trade was a 1.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 385,307 shares of company stock valued at $15,679,910. Insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock traded down $0.23 during mid-day trading on Thursday, reaching $67.71. The company's stock had a trading volume of 375,573 shares, compared to its average volume of 851,766. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $69.00. 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 company has a market cap of $1.51 billion, a P/E ratio of 26.24, a PEG ratio of 6.33 and a beta of 1.45. The firm's 50-day moving average is $54.43 and its two-hundred day moving average is $50.84.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to analyst estimates of $824.65 million. During the same quarter last year, the business posted $0.88 earnings per share. The company's revenue was up .5% on a year-over-year basis. On average, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 38.76%.

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.