Raymond James & Associates Sells 5,820 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Raymond James & Associates reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) by 16.7% during the third quarter, HoldingsChannel.com reports. The firm owned 28,931 shares of the restaurant operator’s stock after selling 5,820 shares during the quarter. Raymond James & Associates’ holdings in Cracker Barrel Old Country Store were worth $2,678,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC lifted its position in Cracker Barrel Old Country Store by 97.6% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 411 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 203 shares in the last quarter. Private Trust Co. NA lifted its position in Cracker Barrel Old Country Store by 115.4% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 232 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $41,000. AdvisorShares Investments LLC bought a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. lifted its position in Cracker Barrel Old Country Store by 104.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 498 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 255 shares in the last quarter. 87.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

CBRL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Cracker Barrel Old Country Store from $106.00 to $100.00 in a research report on Monday, December 5th. StockNews.com initiated coverage on Cracker Barrel Old Country Store in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup reduced their price objective on Cracker Barrel Old Country Store from $94.00 to $86.00 in a research note on Sunday, December 4th. Truist Financial reduced their price objective on Cracker Barrel Old Country Store from $109.00 to $101.00 and set a “hold” rating for the company in a research note on Monday, December 5th. Finally, CL King upped their price objective on Cracker Barrel Old Country Store from $116.00 to $125.00 in a research note on Tuesday, January 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.88.

Cracker Barrel Old Country Store Trading Up 3.8 %

Shares of Cracker Barrel Old Country Store stock opened at $109.93 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 5.34 and a beta of 1.36. The business has a 50-day moving average price of $103.94 and a 200-day moving average price of $102.64. The company has a quick ratio of 0.21, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. Cracker Barrel Old Country Store, Inc. has a twelve month low of $81.87 and a twelve month high of $135.99.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last issued its quarterly earnings data on Friday, December 2nd. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The firm had revenue of $839.50 million for the quarter, compared to analysts’ expectations of $836.88 million. Cracker Barrel Old Country Store had a net margin of 3.48% and a return on equity of 23.59%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 5.72 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, January 31st. Stockholders of record on Friday, January 13th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.73%. Cracker Barrel Old Country Store’s payout ratio is 103.38%.

Cracker Barrel Old Country Store Company Profile

(Get Rating)

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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