Capstone Investment Advisors LLC Raises Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capstone Investment Advisors LLC raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 241.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,259 shares of the restaurant operator’s stock after buying an additional 31,988 shares during the period. Capstone Investment Advisors LLC owned about 0.20% of Cracker Barrel Old Country Store worth $3,292,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in Cracker Barrel Old Country Store by 63.7% in the 4th quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after purchasing an additional 6,925 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth about $2,935,000. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at about $73,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cracker Barrel Old Country Store by 29.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Aviance Capital Partners LLC purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $1,166,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBRL has been the topic of a number of analyst reports. Loop Capital reduced their price objective on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. Benchmark upgraded shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Truist Financial decreased their target price on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, May 31st. CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Friday, May 17th. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.14.

Cracker Barrel Old Country Store Trading Down 0.2 %

Shares of CBRL stock traded down $0.06 on Friday, hitting $39.38. The stock had a trading volume of 782,178 shares, compared to its average volume of 735,132. The company’s 50 day moving average price is $48.40 and its 200-day moving average price is $63.22. Cracker Barrel Old Country Store, Inc. has a 1 year low of $38.88 and a 1 year high of $98.60. The firm has a market capitalization of $874.24 million, a P/E ratio of 14.53, a P/E/G ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted 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. The business had revenue of $817.14 million during the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. 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 business 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. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 2.54%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 191.88%.

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.