Advisors Asset Management Inc. Acquires 321 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Advisors Asset Management Inc. lifted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 100,030 shares of the restaurant operator’s stock after purchasing an additional 321 shares during the quarter. Advisors Asset Management Inc. owned about 0.45% of Cracker Barrel Old Country Store worth $4,536,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in Cracker Barrel Old Country Store by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 306 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares in the last quarter. CWM LLC raised its position in Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 419 shares during the last quarter. nVerses Capital LLC lifted its stake in Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Cracker Barrel Old Country Store by 23.4% during the 2nd quarter. Blue Trust Inc. now owns 2,759 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 524 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Up 2.7 %

CBRL stock opened at $47.64 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $46.03 and a 200-day moving average price of $44.70. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the company earned $1.79 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of research reports. UBS Group cut their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday. Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, November 15th. Finally, Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.25.

Cracker Barrel Old Country Store Company 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.