Capital Investment Counsel Inc Increases Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

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

Several other hedge funds and other institutional investors also recently modified their holdings of CBRL. Sterling Capital Management LLC increased its position in shares of Cracker Barrel Old Country Store by 685.9% during the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 487 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 913 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $56,000. Occudo Quantitative Strategies LP purchased a new position in Cracker Barrel Old Country Store during the fourth quarter valued at $207,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded down $0.23 during midday trading on Friday, hitting $67.71. The company had a trading volume of 375,573 shares, compared to its average volume of 852,045. 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 fifty day moving average of $55.40 and a two-hundred day moving average of $51.02. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 6.23 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26.

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 EPS for the quarter, topping the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders 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 dividend yield of 1.48%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 38.76%.

Insider Activity at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 53,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average cost of $44.60 per share, with a total value of $2,363,800.00. Following the completion of the acquisition, the insider directly owned 2,833,700 shares in the company, valued at $126,383,020. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In 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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. UBS Group reaffirmed a "neutral" rating and issued a $60.00 target price (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Citigroup restated a "sell" rating and issued a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Truist Financial lifted their price objective 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. Finally, Loop Capital upped their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average target price 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.