XML Financial LLC Sells 2,437 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

XML Financial LLC reduced its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLFree Report) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,946 shares of the restaurant operator’s stock after selling 2,437 shares during the period. XML Financial LLC owned approximately 0.07% of Cracker Barrel Old Country Store worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at about $32,000. Security National Bank bought a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $81,000. Quadrant Capital Group LLC lifted its holdings in Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 788 shares in the last quarter. Leavell Investment Management Inc. purchased a new stake in Cracker Barrel Old Country Store during the 4th quarter valued at approximately $211,000. Finally, Howe & Rusling Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

CBRL has been the subject of a number of research reports. Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, May 31st. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Finally, CL King cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, May 17th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $62.14.

Check Out Our Latest Report on CBRL

Cracker Barrel Old Country Store Trading Down 3.0 %

Shares of Cracker Barrel Old Country Store stock traded down $1.45 on Monday, reaching $46.91. The company had a trading volume of 271,180 shares, compared to its average volume of 760,312. The firm’s 50-day moving average price is $56.13 and its two-hundred day moving average price is $67.55. Cracker Barrel Old Country Store, Inc. has a 1 year low of $43.38 and a 1 year high of $98.60. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.32. The business had revenue of $817.14 million during the quarter, compared to the consensus estimate of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 3.93 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. Cracker Barrel Old Country Store’s payout ratio is 191.88%.

About Cracker Barrel Old Country Store

(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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