Wedge Capital Management L L P NC Acquires 13,100 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Wedge Capital Management L L P NC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 42.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,766 shares of the restaurant operator's stock after purchasing an additional 13,100 shares during the period. Wedge Capital Management L L P NC owned approximately 0.20% of Cracker Barrel Old Country Store worth $1,699,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CBRL. Sterling Capital Management LLC boosted its stake in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after buying an additional 487 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after buying an additional 913 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $56,000. Occudo Quantitative Strategies LP acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $207,000. Finally, Empowered Funds LLC acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $213,000. Institutional investors own 96.01% of the company's stock.

Insider Transactions at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp acquired 31,800 shares of the stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of $37.31 per share, for a total transaction of $1,186,458.00. Following the completion of the transaction, the insider now directly owns 2,484,000 shares of the company's stock, valued at $92,678,040. The trade was a 1.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 385,307 shares of company stock worth $15,679,910 over the last ninety days. 1.40% of the stock is owned by insiders.

Cracker Barrel Old Country Store Trading Down 5.4%

Shares of CBRL stock traded down $2.99 during mid-day trading on Friday, reaching $52.06. 1,245,306 shares of the stock traded hands, compared to its average volume of 840,487. The stock's fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $50.07. 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 market cap of $1.16 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 8.36 and a beta of 1.45. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20.

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, topping analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same period last year, the company earned $0.88 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. On average, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 38.76%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBRL. Loop Capital raised their price objective on 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. Bank of America raised their price objective on 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. Truist Financial raised their price objective 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. Wall Street Zen raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Finally, Citigroup reissued a "sell" rating and set a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.