Strs Ohio Makes New Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Strs Ohio purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 300 shares of the restaurant operator’s stock, valued at approximately $27,000.

Several other large investors have also modified their holdings of the business. WBI Investments Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 44.0% in the 3rd quarter. WBI Investments Inc. now owns 12,396 shares of the restaurant operator’s stock valued at $1,147,000 after purchasing an additional 3,787 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Cracker Barrel Old Country Store by 9.8% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 11,897 shares of the restaurant operator’s stock valued at $1,101,000 after purchasing an additional 1,066 shares during the last quarter. Capital Investment Counsel Inc lifted its stake in shares of Cracker Barrel Old Country Store by 7.0% in the 3rd quarter. Capital Investment Counsel Inc now owns 44,790 shares of the restaurant operator’s stock valued at $4,147,000 after purchasing an additional 2,945 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Cracker Barrel Old Country Store by 13.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,160 shares of the restaurant operator’s stock valued at $1,218,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Cracker Barrel Old Country Store by 130.3% in the 3rd quarter. Fifth Third Bancorp now owns 12,328 shares of the restaurant operator’s stock valued at $1,141,000 after purchasing an additional 6,975 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CBRL shares. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $109.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday, December 5th. Citigroup decreased their target price on Cracker Barrel Old Country Store from $94.00 to $86.00 in a research note on Sunday, December 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Cracker Barrel Old Country Store from $106.00 to $100.00 in a research note on Monday, December 5th. StockNews.com started coverage on Cracker Barrel Old Country Store in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, CL King increased their target price 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 assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $104.88.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $109.93 on Monday. The stock’s 50-day moving average is $103.94 and its two-hundred day moving average is $102.76. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.71 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 $135.99. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 5.66 and a beta of 1.36.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last issued its quarterly earnings results on Friday, December 2nd. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Cracker Barrel Old Country Store had a return on equity of 23.59% and a net margin of 3.48%. The company had revenue of $839.50 million for the quarter, compared to analysts’ expectations of $836.88 million. During the same quarter last year, the company earned $1.52 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 5.67 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be issued a $1.30 dividend. 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 currently 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.

See Also

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

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