XTX Topco Ltd Makes New $945,000 Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Key Points

• XTX Topco Ltd has invested approximately $945,000 in Cracker Barrel, acquiring 24,341 shares, which accounts for about 0.11% of the company's stock.
• Cracker Barrel Old Country Store reported $0.58 earnings per share (EPS) for the last quarter, significantly exceeding the estimated EPS of $0.17.
• The company declared a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 1.7%.

XTX Topco Ltd acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,341 shares of the restaurant operator's stock, valued at approximately $945,000. XTX Topco Ltd owned approximately 0.11% of Cracker Barrel Old Country Store as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in 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 valued at $138,142,000 after purchasing an additional 13,305 shares in the last quarter. Marshall Wace LLP boosted its position in Cracker Barrel Old Country Store by 151.9% in the 4th quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator's stock valued at $40,544,000 after buying an additional 462,542 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cracker Barrel Old Country Store by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock valued at $18,584,000 after acquiring an additional 50,905 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Cracker Barrel Old Country Store by 4.0% during the fourth quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock valued at $15,050,000 after acquiring an additional 11,068 shares in the last quarter. Finally, Towle & Co. purchased a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth about $13,575,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CBRL shares. Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Loop Capital upped their price target on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Citigroup reissued a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. UBS Group reissued a "neutral" rating and issued a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Finally, Bank of America increased their price target 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 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $55.14.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $59.03 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.85 and a 12 month high of $71.93. The company has a fifty day moving average price of $61.74 and a two-hundred day moving average price of $52.42. The company has a market cap of $1.31 billion, a PE ratio of 22.88 and a beta of 1.47.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $824.65 million. During the same period last year, the firm posted $0.88 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is 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 is 38.76%.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp purchased 53,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $44.60 per share, with a total value of $2,363,800.00. Following the acquisition, the insider owned 2,833,700 shares in the company, valued at approximately $126,383,020. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

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.

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