Vanguard Group Inc. Cuts Stock Position in Cracker Barrel Old Country Store, Inc. $CBRL

Vanguard Group Inc. reduced its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,077,158 shares of the restaurant operator’s stock after selling 444,859 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Cracker Barrel Old Country Store worth $52,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $26,000. State of Wyoming purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $84,000. CWM LLC boosted its holdings in Cracker Barrel Old Country Store by 85.1% during the 4th quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock valued at $60,000 after acquiring an additional 1,078 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Cracker Barrel Old Country Store by 145.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,399 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 1,423 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CBRL shares. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, March 5th. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Citigroup increased their target price on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, March 5th. Wall Street Zen cut Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Finally, Truist Financial increased their target price on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.75.

Cracker Barrel Old Country Store Trading Up 5.3%

Shares of CBRL stock opened at $30.71 on Friday. The stock has a market capitalization of $686.37 million, a PE ratio of -170.60 and a beta of 1.29. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $71.93. The business has a 50-day moving average of $29.15 and a 200 day moving average of $29.70. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. The business had revenue of $874.82 million during the quarter, compared to analyst estimates of $862.89 million. Cracker Barrel Old Country Store had a positive return on equity of 4.25% and a negative net margin of 0.12%.Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 EPS. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.3%. Cracker Barrel Old Country Store’s dividend payout ratio is presently -555.56%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.