Edgestream Partners L.P. Acquires Shares of 11,528 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Edgestream Partners L.P. bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the first quarter, Holdings Channel.com reports. The firm bought 11,528 shares of the restaurant operator’s stock, valued at approximately $838,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Cracker Barrel Old Country Store by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock worth $176,257,000 after acquiring an additional 12,128 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,922 shares of the restaurant operator’s stock worth $55,337,000 after buying an additional 25,354 shares during the last quarter. Norges Bank purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $10,727,000. First Eagle Investment Management LLC raised its position in Cracker Barrel Old Country Store by 17.4% in the fourth quarter. First Eagle Investment Management LLC now owns 125,856 shares of the restaurant operator’s stock worth $9,701,000 after acquiring an additional 18,680 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Cracker Barrel Old Country Store by 0.3% in the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after acquiring an additional 381 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CBRL shares. 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 report on Friday, May 17th. Truist Financial lowered their price objective on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Finally, StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.86.

Cracker Barrel Old Country Store Price Performance

CBRL traded down $1.95 during trading on Wednesday, reaching $41.18. The stock had a trading volume of 176,504 shares, compared to its average volume of 764,018. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The stock has a market cap of $914.20 million, a PE ratio of 15.92, a PEG ratio of 0.96 and a beta of 1.43. The business has a 50-day moving average of $45.13 and a 200-day moving average of $59.98. Cracker Barrel Old Country Store, Inc. has a one year low of $38.49 and a one year high of $96.80.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $820.61 million. During the same period in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.82 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders 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 dividend yield of 2.43%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Cracker Barrel Old Country Store 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.