Jaffetilchin Investment Partners LLC lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,341 shares of the restaurant operator's stock after selling 4,593 shares during the period. Jaffetilchin Investment Partners LLC owned 0.19% of Cracker Barrel Old Country Store worth $1,683,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock worth $138,142,000 after buying an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cracker Barrel Old Country Store by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock worth $62,452,000 after acquiring an additional 106,440 shares during the last quarter. Marshall Wace LLP boosted its holdings in Cracker Barrel Old Country Store by 151.9% during the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after acquiring an additional 462,542 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Cracker Barrel Old Country Store by 2.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator's stock valued at $34,271,000 after purchasing an additional 16,333 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after purchasing an additional 50,905 shares during the period. Institutional investors and hedge funds own 96.01% of the company's stock.
Cracker Barrel Old Country Store Stock Performance
NASDAQ CBRL opened at $63.01 on Friday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 5.74 and a beta of 1.45. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.86 and a 1-year high of $65.43. The company has a 50 day moving average of $52.88 and a 200-day moving average of $50.51.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million during 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 in the previous year, the company posted $0.88 EPS. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.
Cracker Barrel Old Country Store Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, July 18th. Cracker Barrel Old Country Store's dividend payout ratio is presently 38.76%.
Wall Street Analysts Forecast Growth
CBRL has been the subject of several recent analyst reports. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. UBS Group reissued a "neutral" rating and issued a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research report on Tuesday, June 3rd. Truist Financial upped their price objective 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. Finally, Loop Capital increased their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average target price of $53.86.
Read Our Latest Stock Analysis on CBRL
Insider Transactions at Cracker Barrel Old Country Store
In other news, major shareholder Gmt Capital Corp purchased 105,900 shares of the business's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the purchase, the insider now directly owns 2,452,200 shares of the company's stock, valued at $88,132,068. The trade was a 4.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 385,307 shares of company stock worth $15,679,910. Corporate insiders own 1.40% of the company's stock.
About Cracker Barrel Old Country Store
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Free Report)
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.
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