State Board of Administration of Florida Retirement System Has $433,000 Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

State Board of Administration of Florida Retirement System boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,185 shares of the restaurant operator’s stock after purchasing an additional 439 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Cracker Barrel Old Country Store were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TCM Advisors LLC increased its holdings in Cracker Barrel Old Country Store by 1.9% in the first quarter. TCM Advisors LLC now owns 5,300 shares of the restaurant operator’s stock valued at $629,000 after purchasing an additional 100 shares during the period. Burney Co. increased its holdings in Cracker Barrel Old Country Store by 3.5% in the first quarter. Burney Co. now owns 3,550 shares of the restaurant operator’s stock valued at $421,000 after purchasing an additional 120 shares during the period. Xponance Inc. increased its holdings in Cracker Barrel Old Country Store by 3.9% in the second quarter. Xponance Inc. now owns 3,599 shares of the restaurant operator’s stock valued at $300,000 after purchasing an additional 134 shares during the period. Victory Capital Management Inc. increased its holdings in Cracker Barrel Old Country Store by 2.7% in the second quarter. Victory Capital Management Inc. now owns 5,456 shares of the restaurant operator’s stock valued at $456,000 after purchasing an additional 142 shares during the period. Finally, Truist Financial Corp increased its holdings in Cracker Barrel Old Country Store by 1.7% in the second quarter. Truist Financial Corp now owns 8,860 shares of the restaurant operator’s stock valued at $740,000 after purchasing an additional 152 shares during the period. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of Cracker Barrel Old Country Store in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cracker Barrel Old Country Store from $100.00 to $106.00 in a research report on Wednesday, September 28th. Citigroup upped their price target on shares of Cracker Barrel Old Country Store to $94.00 in a research report on Thursday. Finally, Truist Financial cut their price target on shares of Cracker Barrel Old Country Store from $100.00 to $96.00 in a research report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $116.39 on Monday. The stock has a market capitalization of $2.58 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.03 and a beta of 1.34. The company’s 50-day moving average is $104.87 and its 200-day moving average is $100.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.63 and a quick ratio of 0.21. Cracker Barrel Old Country Store, Inc. has a 1 year low of $81.87 and a 1 year high of $144.99.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last released its quarterly earnings data on Tuesday, September 27th. The restaurant operator reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.19. The company had revenue of $830.40 million for the quarter, compared to analysts’ expectations of $836.93 million. Cracker Barrel Old Country Store had a net margin of 4.04% and a return on equity of 24.53%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 EPS. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 6.52 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Friday, October 21st were given a dividend of $1.30 per share. The ex-dividend date was Thursday, October 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.47%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 91.71%.

Cracker Barrel Old Country Store Profile

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Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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