Earnest Partners LLC Has $32.53 Million Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Earnest Partners LLC reduced its ownership in Cracker Barrel by 1.5%, selling 13,133 shares, leaving it with 838,031 shares valued at approximately $32.5 million.
• In the first quarter, various institutions, including Captrust Financial Advisors and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., increased their stakes, highlighting ongoing institutional interest despite recent challenges.
• Cracker Barrel's stock has shown an 8.0% increase and the company expects to post an EPS of 2.76 for the current fiscal year, indicating potential growth recovery prospects.

Earnest Partners LLC reduced its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 838,031 shares of the restaurant operator's stock after selling 13,133 shares during the quarter. Earnest Partners LLC owned approximately 3.76% of Cracker Barrel Old Country Store worth $32,532,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its stake in shares of Cracker Barrel Old Country Store by 7.8% during the 1st quarter. Comerica Bank now owns 16,018 shares of the restaurant operator's stock worth $622,000 after purchasing an additional 1,154 shares during the last quarter. Jump Financial LLC purchased a new position in Cracker Barrel Old Country Store in the 1st quarter worth $389,000. AlphaQuest LLC purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at $122,000. Martingale Asset Management L P purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at $419,000. Finally, EntryPoint Capital LLC purchased a new position in Cracker Barrel Old Country Store in the first quarter valued at $335,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 0.4%

Shares of NASDAQ:CBRL traded down $0.24 during trading on Monday, reaching $59.82. 1,022,070 shares of the company traded hands, compared to its average volume of 1,590,347. The firm has a fifty day simple moving average of $62.29 and a 200 day simple moving average of $52.35. The firm has a market cap of $1.33 billion, a P/E ratio of 23.19 and a beta of 1.41. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.85 and a 1-year high of $71.93. 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 (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS 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 for the quarter, compared to analyst estimates of $824.65 million. During the same quarter in the prior year, the business posted $0.88 EPS. Cracker Barrel Old Country Store's quarterly revenue was up .5% on a year-over-year basis. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. Analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 38.76%.

Analyst Ratings Changes

CBRL has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. UBS Group reissued a "neutral" rating and issued a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Loop Capital lifted their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Citigroup reiterated a "sell" rating and issued a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Finally, Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.14.

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.