Dimensional Fund Advisors LP Has $11.31 Million Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Dimensional Fund Advisors reduced its Cracker Barrel stake by 17.5% during the first quarter, selling 85,307 shares. It still held 402,235 shares valued at approximately $11.31 million, representing a 1.8% ownership stake.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $48.14. Ratings range from Strong Buy to Sell, while 96.01% of shares are owned by institutional investors and hedge funds.
• Cracker Barrel exceeded quarterly earnings and revenue expectations, reporting $0.29 in EPS and $797.37 million in revenue, though revenue fell 2.9% year over year. The company declared a quarterly dividend of $0.25 per share, equal to a 1.7% annualized yield.

Dimensional Fund Advisors LP lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 17.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 402,235 shares of the restaurant operator's stock after selling 85,307 shares during the period. Dimensional Fund Advisors LP owned 1.80% of Cracker Barrel Old Country Store worth $11,306,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CBRL. Canada Pension Plan Investment Board bought a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the third quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $35,000. CWM LLC raised its position in Cracker Barrel Old Country Store by 85.1% in the 4th quarter. CWM LLC now owns 2,345 shares of the restaurant operator's stock valued at $60,000 after buying an additional 1,078 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in Cracker Barrel Old Country Store by 35.7% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,408 shares of the restaurant operator's stock valued at $106,000 after acquiring an additional 633 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CBRL shares. UBS Group reaffirmed a "neutral" rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Argus raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, June 11th. Piper Sandler restated a "neutral" rating and set a $51.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Citigroup upped their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $48.14.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $57.79 on Monday. The company has a market capitalization of $1.29 billion, a PE ratio of 49.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The business's fifty day moving average is $49.12 and its 200 day moving average is $36.96. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $63.61.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Cracker Barrel Old Country Store's revenue was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, July 17th. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 86.21%.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

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