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

Advisors Asset Management Inc. grew its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,030 shares of the restaurant operator’s stock after acquiring an additional 321 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $4,536,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its stake in shares of 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 acquiring an additional 306 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in 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 purchasing an additional 400 shares in the last quarter. CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares in the last quarter. nVerses Capital LLC raised 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 purchasing an additional 500 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 524 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Up 2.7 %

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

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

Cracker Barrel Old Country Store Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday. Loop Capital dropped their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Bank of America increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th. Finally, Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus price target 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.