Verition Fund Management LLC Acquires 78,816 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Verition Fund Management LLC raised its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 96.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,946 shares of the restaurant operator’s stock after purchasing an additional 78,816 shares during the quarter. Verition Fund Management LLC owned approximately 0.72% of Cracker Barrel Old Country Store worth $7,299,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after buying an additional 321 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of 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 grew 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 valued at $36,000 after purchasing an additional 419 shares during the last quarter. nVerses Capital LLC grew its stake in shares of Cracker Barrel Old Country Store by 26.3% during the third 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. raised its position in Cracker Barrel Old Country Store by 23.4% in 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. Institutional investors own 96.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 18th. UBS Group dropped their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Truist Financial raised 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. Piper Sandler increased their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.25.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $55.56 on Monday. The stock has a market cap of $1.23 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.58 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The company has a fifty day simple moving average of $47.38 and a 200 day simple moving average of $44.50.

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

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

About Cracker Barrel Old Country Store

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.