Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Versor Investments LP

Versor Investments LP increased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLFree Report) by 14.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,973 shares of the restaurant operator’s stock after buying an additional 633 shares during the quarter. Versor Investments LP’s holdings in Cracker Barrel Old Country Store were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.8% during the 1st quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock worth $302,682,000 after acquiring an additional 21,310 shares during the period. Vanguard Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 2,304,547 shares of the restaurant operator’s stock valued at $273,619,000 after buying an additional 75,245 shares during the period. State Street Corp increased its holdings in shares of Cracker Barrel Old Country Store by 13.0% during the 1st quarter. State Street Corp now owns 848,891 shares of the restaurant operator’s stock worth $96,434,000 after buying an additional 97,728 shares during the last quarter. Bank of America Corp DE raised its position in shares of Cracker Barrel Old Country Store by 7.3% during the 1st quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator’s stock valued at $85,540,000 after buying an additional 50,927 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 667,666 shares of the restaurant operator’s stock valued at $62,213,000 after acquiring an additional 7,537 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Cracker Barrel Old Country Store from $96.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, December 4th. UBS Group decreased their target price on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Finally, StockNews.com started coverage on shares of Cracker Barrel Old Country Store in a research report on Thursday, October 5th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.56.

Read Our Latest Stock Analysis on CBRL

Cracker Barrel Old Country Store Trading Down 0.5 %

NASDAQ CBRL opened at $78.45 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.17 and a current ratio of 0.62. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 6.91 and a beta of 1.47. The firm has a 50 day simple moving average of $75.95 and a 200-day simple moving average of $76.41. Cracker Barrel Old Country Store, Inc. has a one year low of $62.69 and a one year high of $121.17.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last issued its quarterly earnings results on Thursday, November 30th. The restaurant operator reported $0.51 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.23). Cracker Barrel Old Country Store had a net margin of 2.55% and a return on equity of 23.34%. The business had revenue of $823.80 million during the quarter, compared to analysts’ expectations of $823.18 million. During the same period in the prior year, the business earned $0.99 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.78 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, January 19th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Thursday, January 18th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 132.32%.

Cracker Barrel Old Country Store Company Profile

(Free Report)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, 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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