Jaffetilchin Investment Partners LLC Trims Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Jaffetilchin Investment Partners LLC decreased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,341 shares of the restaurant operator's stock after selling 4,593 shares during the quarter. Jaffetilchin Investment Partners LLC owned approximately 0.19% of Cracker Barrel Old Country Store worth $1,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Cracker Barrel Old Country Store by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator's stock valued at $62,452,000 after buying an additional 106,440 shares in the last quarter. Vanguard Group Inc. increased its holdings in Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator's stock valued at $138,142,000 after buying an additional 13,305 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $704,000. Amundi increased its stake in Cracker Barrel Old Country Store by 202.4% in the fourth quarter. Amundi now owns 10,729 shares of the restaurant operator's stock valued at $615,000 after acquiring an additional 7,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Cracker Barrel Old Country Store by 2.6% during 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 in the last quarter. 96.01% of the stock is owned by institutional investors.

Insider Activity at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, major shareholder Gmt Capital Corp purchased 105,900 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the acquisition, the insider now directly owns 2,452,200 shares in the company, valued at $88,132,068. The trade was a 4.51% 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. Over the last 90 days, insiders bought 385,307 shares of company stock worth $15,679,910. 1.40% of the stock is owned by insiders.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL traded up $0.58 during mid-day trading on Monday, reaching $61.08. 946,614 shares of the stock traded hands, compared to its average volume of 1,005,470. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $65.43. The firm has a fifty day moving average price of $53.22 and a 200 day moving average price of $50.55. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 5.64 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share 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 business had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store's payout ratio is 38.76%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CBRL. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. Loop Capital boosted their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Friday, June 6th. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Finally, Truist Financial lifted their target price on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.86.

Cracker Barrel Old Country Store 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.