Fox Run Management L.L.C. Invests $1.18 Million in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Fox Run Management L.L.C. has made a new investment of approximately $1.18 million in Cracker Barrel Old Country Store, purchasing 30,290 shares, thereby owning 0.14% of the company.
• Cracker Barrel reported $0.58 earnings per share for its latest quarter, surpassing analysts' expectations of $0.17, although its revenue of $821.10 million slightly missed forecasts.
• The company has announced a quarterly dividend of $0.25 per share, representing an annualized yield of 1.6%, with a dividend payout ratio of 38.76%.

Fox Run Management L.L.C. acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,290 shares of the restaurant operator's stock, valued at approximately $1,176,000. Fox Run Management L.L.C. owned about 0.14% of Cracker Barrel Old Country Store as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CBRL. Capital Investment Counsel Inc boosted its stake in 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 valued at $1,104,000 after acquiring an additional 9,875 shares during the period. Huntleigh Advisors Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter worth approximately $248,000. Wedge Capital Management L L P NC boosted its position 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 during the period. Aviance Capital Partners LLC boosted its position in Cracker Barrel Old Country Store by 29.6% during the 1st 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 during the period. Finally, Two Sigma Investments LP grew its stake in Cracker Barrel Old Country Store by 4.0% during the 4th quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock worth $15,050,000 after buying an additional 11,068 shares during the last quarter. Institutional investors own 96.01% of the company's stock.

Analyst Ratings Changes

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

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL traded down $0.45 during trading hours on Wednesday, reaching $59.02. 451,137 shares of the company's stock traded hands, compared to its average volume of 817,697. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.85 and a twelve month high of $71.93. The business's fifty day simple moving average is $62.27 and its two-hundred day simple moving average is $52.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.88 and a beta of 1.47.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.41. The firm 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 was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. 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 Dividend Announcement

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

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.