International Assets Investment Management LLC Makes New $2.94 Million Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

International Assets Investment Management LLC purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,078 shares of the restaurant operator’s stock, valued at approximately $2,935,000. International Assets Investment Management LLC owned 0.17% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock worth $1,477,000 after acquiring an additional 1,098 shares during the period. Envestnet Asset Management Inc. boosted its position in Cracker Barrel Old Country Store by 162.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock worth $5,017,000 after acquiring an additional 46,232 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Cracker Barrel Old Country Store by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock worth $46,541,000 after acquiring an additional 24,902 shares during the period. First Eagle Investment Management LLC boosted its position in Cracker Barrel Old Country Store by 78.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 107,176 shares of the restaurant operator’s stock worth $7,202,000 after acquiring an additional 47,167 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Cracker Barrel Old Country Store by 25.1% during the 3rd quarter. Victory Capital Management Inc. now owns 130,110 shares of the restaurant operator’s stock worth $8,743,000 after acquiring an additional 26,090 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group cut their price objective on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Citigroup upped their price objective on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Piper Sandler cut their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Finally, Truist Financial cut their price objective on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.57.

Cracker Barrel Old Country Store Trading Up 0.9 %

Shares of NASDAQ CBRL opened at $56.38 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $54.87 and a 12 month high of $116.05. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 4.25 and a beta of 1.45. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $67.97 and a 200-day simple moving average of $71.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same period in the prior year, the business posted $1.48 earnings per share. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.62 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 9.22%. The ex-dividend date is Thursday, April 11th. Cracker Barrel Old Country Store’s payout ratio is 138.67%.

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.