Inceptionr LLC Invests $432,000 in Cracker Barrel Old Country Store, Inc. $CBRL

Inceptionr LLC bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,385 shares of the restaurant operator’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store in the 3rd quarter worth $26,000. Hilton Head Capital Partners LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new position in shares of Cracker Barrel Old Country Store during the second quarter valued at about $37,000. PNC Financial Services Group Inc. raised its stake in shares of Cracker Barrel Old Country Store by 22.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 321 shares during the last quarter. Finally, CWM LLC lifted its holdings in Cracker Barrel Old Country Store by 85.1% in the 4th quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after buying an additional 1,078 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Freedom Capital raised Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Weiss Ratings raised Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Finally, Wells Fargo & Company lifted their target price on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $53.71 on Monday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $67.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. The business has a fifty day moving average price of $44.21 and a 200-day moving average price of $35.24. The company has a market capitalization of $1.20 billion, a PE ratio of 46.30 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million for the quarter, compared to analysts’ expectations of $776.69 million. During the same quarter in the previous year, the business posted $0.56 EPS. Cracker Barrel Old Country Store’s revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post -0.4 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 86.21%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.