William Blair Investment Management LLC Has $22.51 Million Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

William Blair Investment Management LLC increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,526 shares of the restaurant operator’s stock after purchasing an additional 662 shares during the period. William Blair Investment Management LLC owned 1.39% of Cracker Barrel Old Country Store worth $22,512,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CBRL. Fidelis Capital Partners LLC raised its position in shares of Cracker Barrel Old Country Store by 0.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after acquiring an additional 134 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in Cracker Barrel Old Country Store by 7.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 253 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Cracker Barrel Old Country Store by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after buying an additional 274 shares during the last quarter. ProShare Advisors LLC raised its stake in Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after buying an additional 306 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Cracker Barrel Old Country Store by 1.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,743 shares of the restaurant operator’s stock worth $2,236,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of research analyst reports. Citigroup dropped their price target on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research report on Friday, May 31st. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Bank of America lowered their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, Truist Financial cut their price objective on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.86.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $46.50 on Thursday. 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, Inc. has a 12-month low of $38.49 and a 12-month high of $98.34. The stock’s 50 day moving average price is $46.11 and its two-hundred day moving average price is $60.97. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.95 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, beating the consensus estimate of $0.56 by $0.32. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm had revenue of $817.14 million for the quarter, compared to the consensus estimate of $820.61 million. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.88 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Investors 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 annualized dividend and a dividend yield of 2.15%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 191.88%.

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.