First Eagle Investment Management LLC Has $9.70 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

First Eagle Investment Management LLC raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,856 shares of the restaurant operator's stock after buying an additional 18,680 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.57% of Cracker Barrel Old Country Store worth $9,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $2,935,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cracker Barrel Old Country Store by 29.6% in 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 period. Aviance Capital Partners LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth $1,166,000. GAMMA Investing LLC purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at $32,000. Finally, Stratos Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 253 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CBRL. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an "underperform" rating for the company in a research note on Thursday. Piper Sandler cut their target price on 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. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $68.00 to $60.00 and set a "hold" rating for the company in a research report on Monday, May 13th. CL King downgraded Cracker Barrel Old Country Store from a "buy" rating to a "neutral" rating and set a $90.00 price objective on the stock. in a report on Friday. Finally, UBS Group lowered their target price on 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. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and a consensus target price of $69.57.

Cracker Barrel Old Country Store Stock Down 14.5 %

Shares of CBRL stock traded down $8.29 during trading hours on Friday, reaching $48.98. 5,602,865 shares of the stock were exchanged, compared to its average volume of 693,905. The business's fifty day moving average is $62.11 and its two-hundred day moving average is $69.90. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.06, a P/E/G ratio of 4.12 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a 12-month low of $48.18 and a 12-month high of $116.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.08. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.54 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, July 19th. 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.