Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,602 shares of the restaurant operator’s stock after purchasing an additional 854 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cracker Barrel Old Country Store were worth $814,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of 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 valued at $34,000 after acquiring an additional 112 shares during the period. Credit Suisse AG boosted its position in Cracker Barrel Old Country Store by 0.7% during the third quarter. Credit Suisse AG now owns 18,352 shares of the restaurant operator’s stock worth $1,700,000 after purchasing an additional 135 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Cracker Barrel Old Country Store by 42.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 500 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 150 shares during the period. Horrell Capital Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 0.6% in the fourth quarter. Horrell Capital Management Inc. now owns 29,330 shares of the restaurant operator’s stock valued at $2,779,000 after buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of 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 buying an additional 187 shares during the period. 87.19% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Down 0.7 %

CBRL stock opened at $105.64 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $109.02 and a two-hundred day moving average of $107.81. Cracker Barrel Old Country Store, Inc. has a 12 month low of $81.87 and a 12 month high of $121.17. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 4.63 and a beta of 1.38.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. Cracker Barrel Old Country Store had a return on equity of 23.55% and a net margin of 3.20%. The business had revenue of $933.90 million during the quarter, compared to analyst estimates of $917.47 million. During the same period in the prior year, the business earned $1.71 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 5.87 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 9th. Stockholders of record on Friday, April 14th were issued a dividend of $1.30 per share. The ex-dividend date was Thursday, April 13th. This represents a $5.20 annualized dividend and a dividend yield of 4.92%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 108.33%.

Analysts Set New Price Targets

CBRL has been the topic of a number of research analyst reports. 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. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Friday, March 24th. StockNews.com began coverage on shares of Cracker Barrel Old Country Store in a research report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet upgraded Cracker Barrel Old Country Store from a “c” rating to a “b-” rating in a report on Tuesday, February 28th. Finally, Truist Financial increased their target price on Cracker Barrel Old Country Store from $101.00 to $105.00 in a report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.63.

About Cracker Barrel Old Country Store

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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.