Cwm LLC Sells 19,790 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

CWM LLC lowered its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 96.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 771 shares of the restaurant operator's stock after selling 19,790 shares during the quarter. CWM LLC's holdings in Cracker Barrel Old Country Store were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cracker Barrel Old Country Store by 29.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator's stock worth $349,000 after acquiring an additional 1,034 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator's stock valued at $267,000 after buying an additional 253 shares during the last quarter. Fifth Third Bancorp grew its position in Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator's stock valued at $1,477,000 after buying an additional 1,098 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 162.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator's stock valued at $5,017,000 after buying an additional 46,232 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Cracker Barrel Old Country Store by 22.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator's stock valued at $1,596,000 after buying an additional 3,794 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lifted their price objective 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. UBS Group decreased their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Truist Financial decreased their target price on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a "hold" rating on the stock in a research report on Wednesday, April 17th. Finally, Piper Sandler decreased their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $76.57.

Cracker Barrel Old Country Store Trading Down 0.3 %

CBRL traded down $0.17 during midday trading on Thursday, hitting $53.74. The company's stock had a trading volume of 515,413 shares, compared to its average volume of 659,938. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.19 billion, a P/E ratio of 14.38, a PEG ratio of 3.98 and a beta of 1.48. The firm has a 50-day moving average price of $63.91 and a two-hundred day moving average price of $70.43. Cracker Barrel Old Country Store, Inc. has a 52-week low of $52.35 and a 52-week high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $935.40 million during the quarter, compared to analysts' expectations of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. On average, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date was Thursday, April 11th. Cracker Barrel Old Country Store's payout ratio is 138.67%.

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.