17,177 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,177 shares of the restaurant operator’s stock, valued at approximately $1,324,000.

Other institutional investors have also modified their holdings of the company. Capital Investment Advisory Services LLC increased its holdings in Cracker Barrel Old Country Store by 5.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 13,405 shares of the restaurant operator’s stock valued at $1,033,000 after buying an additional 740 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in Cracker Barrel Old Country Store by 0.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock valued at $1,196,000 after buying an additional 134 shares during the last quarter. Federated Hermes Inc. bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $659,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cracker Barrel Old Country Store by 29.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 1,034 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at about $856,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CBRL shares. Piper Sandler lowered 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. Truist Financial lowered their target price 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, April 17th. UBS Group lowered their target price 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. Finally, Citigroup upped their target price 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $76.57.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL opened at $60.84 on Wednesday. The company has a market cap of $1.35 billion, a PE ratio of 16.22, a P/E/G ratio of 4.16 and a beta of 1.45. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. Cracker Barrel Old Country Store, Inc. has a 12-month low of $54.87 and a 12-month high of $116.05. The stock has a 50 day simple moving average of $67.23 and a 200-day simple moving average of $71.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 8.55%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) 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.