Duality Advisers LP bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 17,177 shares of the restaurant operator's stock, valued at approximately $1,324,000. Duality Advisers LP owned 0.08% of Cracker Barrel Old Country Store as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. raised its holdings in Cracker Barrel Old Country Store by 91.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator's stock worth $39,000 after buying an additional 275 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth $211,000. Stratos Wealth Advisors LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $216,000. Advisor Partners II LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $242,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Cracker Barrel Old Country Store by 59.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,292 shares of the restaurant operator's stock worth $288,000 after buying an additional 1,593 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CBRL. Piper Sandler lowered their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, March 4th. Truist Financial lowered their target price on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a "hold" rating for the company in a report on Wednesday, April 17th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, February 28th. Finally, Citigroup increased their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a "sell" rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of "Hold" and an average target price of $76.57.
Check Out Our Latest Stock Report on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Stock Performance
CBRL traded up $0.23 during trading on Wednesday, hitting $61.07. 388,181 shares of the company traded hands, compared to its average volume of 665,433. The firm has a market cap of $1.36 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 4.22 and a beta of 1.45. The stock's fifty day moving average is $66.95 and its 200 day moving average is $71.33. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. Cracker Barrel Old Country Store, Inc. has a one year low of $54.87 and a one year high of $116.05.
Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same period last year, the business earned $1.48 earnings per share. Cracker Barrel Old Country Store's revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current fiscal year.
Cracker Barrel Old Country Store Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.51%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is currently 138.67%.
Cracker Barrel Old Country Store Profile
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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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