Bank of New York Mellon Corp Grows Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Bank of New York Mellon Corp lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLGet Rating) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 389,174 shares of the restaurant operator’s stock after acquiring an additional 5,973 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cracker Barrel Old Country Store were worth $36,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its position in Cracker Barrel Old Country Store by 0.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 17,628 shares of the restaurant operator’s stock worth $1,632,000 after purchasing an additional 102 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Cracker Barrel Old Country Store by 3.2% in the 2nd quarter. WINTON GROUP Ltd now owns 3,470 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 109 shares during the period. Quadrant Capital Group LLC boosted its holdings in Cracker Barrel Old Country Store by 43.4% during the third quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock worth $34,000 after buying an additional 112 shares in the last quarter. Texas Permanent School Fund grew its position in Cracker Barrel Old Country Store by 0.7% during the second quarter. Texas Permanent School Fund now owns 16,796 shares of the restaurant operator’s stock valued at $1,402,000 after buying an additional 120 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its holdings in Cracker Barrel Old Country Store by 4.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 2,929 shares of the restaurant operator’s stock valued at $245,000 after buying an additional 120 shares in the last quarter. 87.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CBRL shares. Truist Financial increased their target price on shares of Cracker Barrel Old Country Store from $101.00 to $105.00 in a research note on Wednesday, March 1st. CL King raised their price objective on Cracker Barrel Old Country Store from $125.00 to $130.00 in a report on Wednesday, March 1st. UBS Group initiated coverage on Cracker Barrel Old Country Store in a research note on Friday, December 16th. They set a “neutral” rating and a $105.00 target price for the company. Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $90.00 to $92.00 and gave the company a “sell” rating in a research note on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cracker Barrel Old Country Store from $100.00 to $110.00 in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.00.

Cracker Barrel Old Country Store Trading Up 2.9 %

Shares of CBRL stock opened at $109.37 on Tuesday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $81.87 and a fifty-two week high of $126.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.26 and a current ratio of 0.66. The stock’s fifty day moving average is $108.04 and its two-hundred day moving average is $105.90. The firm has a market capitalization of $2.42 billion, a P/E ratio of 22.79, a PEG ratio of 4.43 and a beta of 1.36.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Rating) last posted its quarterly earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. Cracker Barrel Old Country Store had a net margin of 3.20% and a return on equity of 23.55%. The firm had revenue of $933.90 million for the quarter, compared to the consensus estimate of $917.47 million. During the same period last year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 5.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 14th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Thursday, April 13th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 108.33%.

Cracker Barrel Old Country Store Company Profile

(Get Rating)

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.

Further Reading

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

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