MML Investors Services LLC Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

MML Investors Services LLC bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,398 shares of the restaurant operator’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter worth about $27,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Cracker Barrel Old Country Store in the 3rd quarter worth about $32,000. Global Retirement Partners LLC grew its holdings in Cracker Barrel Old Country Store by 136.5% during the 3rd quarter. Global Retirement Partners LLC now owns 369 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC grew its holdings in Cracker Barrel Old Country Store by 102.7% during the 3rd quarter. Signaturefd LLC now owns 369 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 187 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Cracker Barrel Old Country Store by 43.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.5 %

CBRL stock opened at $106.24 on Friday. The firm has a 50 day moving average of $108.04 and a 200 day moving average of $105.97. The stock has a market capitalization of $2.35 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 4.50 and a beta of 1.36. The company has a quick ratio of 0.26, a current ratio of 0.66 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store, Inc. has a 52 week low of $81.87 and a 52 week high of $126.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last released its earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $933.90 million during the quarter, compared to analysts’ expectations of $917.47 million. Cracker Barrel Old Country Store had a net margin of 3.20% and a return on equity of 23.55%. Cracker Barrel Old Country Store’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business earned $1.71 EPS. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 5.82 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 14th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 13th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 108.33%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CBRL shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Cracker Barrel Old Country Store from $100.00 to $110.00 in a report on Wednesday, March 1st. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $90.00 to $92.00 and gave the stock a “sell” rating in a report on Wednesday, March 1st. Truist Financial increased their target price on shares of Cracker Barrel Old Country Store from $101.00 to $105.00 in a report on Wednesday, March 1st. TheStreet upgraded shares of Cracker Barrel Old Country Store from a “c” rating to a “b-” rating in a report on Tuesday, February 28th. Finally, CL King raised their price target on shares of Cracker Barrel Old Country Store from $125.00 to $130.00 in a report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.00.

Cracker Barrel Old Country Store Profile

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Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.