Pathway Financial Advisers LLC Buys Shares of 4,135 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Pathway Financial Advisers LLC bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,135 shares of the restaurant operator’s stock, valued at approximately $301,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $32,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the first quarter valued at approximately $73,000. Security National Bank acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $81,000. Newbridge Financial Services Group Inc. increased its holdings in shares of 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 purchasing an additional 575 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of 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 purchasing an additional 788 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com cut Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. CL King cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, May 17th. Citigroup cut their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. Loop Capital cut their target price on 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. Finally, Truist Financial cut their target price on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $59.86.

Cracker Barrel Old Country Store Trading Down 5.3 %

Shares of CBRL traded down $2.37 during midday trading on Friday, hitting $42.04. 853,103 shares of the stock were exchanged, compared to its average volume of 678,574. The firm has a market cap of $933.29 million, a P/E ratio of 15.51, a P/E/G ratio of 1.15 and a beta of 1.43. The stock has a fifty day simple moving average of $44.25 and a 200 day simple moving average of $58.50. Cracker Barrel Old Country Store, Inc. has a 52-week low of $38.49 and a 52-week high of $93.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. The firm had revenue of $817.14 million during the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. Cracker Barrel Old Country Store’s revenue 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. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 36.90%.

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.