Pathway Financial Advisers LLC Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Pathway Financial Advisers LLC acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,135 shares of the restaurant operator’s stock, valued at approximately $301,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $32,000. Future Financial Wealth Managment LLC bought a new stake in Cracker Barrel Old Country Store in the first quarter valued at about $73,000. Security National Bank bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $81,000. Newbridge Financial Services Group Inc. increased its stake in Cracker Barrel Old Country Store by 85.2% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the restaurant operator’s stock valued at $91,000 after acquiring an additional 575 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Cracker Barrel Old Country Store by 106.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 788 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 5.3 %

NASDAQ CBRL traded down $2.37 during trading hours on Friday, hitting $42.04. The company’s stock had a trading volume of 853,103 shares, compared to its average volume of 678,574. The stock has a fifty day moving average of $44.25 and a 200 day moving average of $58.50. Cracker Barrel Old Country Store, Inc. has a twelve month low of $38.49 and a twelve month high of $93.40. The firm has a market capitalization of $933.29 million, a P/E ratio of 15.51, a PEG ratio of 1.15 and a beta of 1.43. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 2.38%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 36.90%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CBRL shares. Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Bank of America decreased their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 17th. CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, May 17th. StockNews.com cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Three equities 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, the company has a consensus rating of “Hold” and a consensus price target of $59.86.

About Cracker Barrel Old Country Store

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.