Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 84.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,438 shares of the restaurant operator’s stock after acquiring an additional 8,925 shares during the quarter. Aviance Capital Partners LLC’s holdings in Cracker Barrel Old Country Store were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRL. Hazlett Burt & Watson Inc. boosted its stake 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 buying an additional 400 shares during the period. CWM LLC lifted its position in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. 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 for the company in a research report on Friday, September 20th. Argus upgraded 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. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.25.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $47.22 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. The business’s 50 day simple moving average is $45.62 and its 200-day simple moving average is $44.67. 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 posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for 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 firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. As a group, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.97 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

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.