Cwm LLC Cuts Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Cwm LLC reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 96.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 771 shares of the restaurant operator’s stock after selling 19,790 shares during the quarter. Cwm LLC’s holdings in Cracker Barrel Old Country Store were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Leavell Investment Management Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth $211,000. Stratos Wealth Advisors LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares in the last quarter. Advisor Partners II LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $242,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Cracker Barrel Old Country Store by 59.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,292 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 1,593 shares during the last quarter. Finally, South Dakota Investment Council purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at about $302,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 0.5 %

Shares of CBRL opened at $53.91 on Thursday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 14.38, a PEG ratio of 3.98 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a twelve month low of $52.35 and a twelve month high of $116.05. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $63.91 and a two-hundred day simple moving average of $70.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. On average, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th were given a $1.30 dividend. The ex-dividend date was Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.65%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial cut their target price on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. UBS Group reduced their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Piper Sandler lowered their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, Citigroup raised their price objective on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $76.57.

Cracker Barrel Old Country Store Profile

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.