Shell Asset Management Co. Has $160,000 Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Shell Asset Management Co. trimmed its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 20.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,729 shares of the restaurant operator’s stock after selling 449 shares during the quarter. Shell Asset Management Co.’s holdings in Cracker Barrel Old Country Store were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cipher Capital LP acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at about $1,758,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 10.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,016 shares of the restaurant operator’s stock worth $1,946,000 after buying an additional 1,983 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 12.4% in the third quarter. Envestnet Asset Management Inc. now owns 38,786 shares of the restaurant operator’s stock worth $3,591,000 after purchasing an additional 4,294 shares during the period. Cadence Bank increased its position in shares of Cracker Barrel Old Country Store by 0.9% in the third quarter. Cadence Bank now owns 49,161 shares of the restaurant operator’s stock worth $4,552,000 after purchasing an additional 441 shares during the period. Finally, Credit Suisse AG increased its position in shares of Cracker Barrel Old Country Store by 0.7% in the third quarter. Credit Suisse AG now owns 18,352 shares of the restaurant operator’s stock worth $1,700,000 after purchasing an additional 135 shares during the period. Institutional investors own 87.19% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $108.96 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.21 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $2.42 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 5.62 and a beta of 1.38. The business’s 50-day moving average price is $105.83 and its 200-day moving average price is $105.85. Cracker Barrel Old Country Store, Inc. has a 12 month low of $81.87 and a 12 month high of $133.75.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last released its earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $933.90 million during the quarter, compared to analysts’ expectations of $917.47 million. Cracker Barrel Old Country Store had a return on equity of 23.59% and a net margin of 3.48%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 EPS. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 5.67 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 14th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.77%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 103.38%.

Analyst Ratings Changes

CBRL has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Cracker Barrel Old Country Store in a research report on Friday, December 16th. They issued a “neutral” rating and a $105.00 target price on the stock. CL King lifted their price target on Cracker Barrel Old Country Store from $116.00 to $125.00 in a research note on Tuesday, January 17th. Truist Financial cut their price target on Cracker Barrel Old Country Store from $109.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday, December 5th. Citigroup cut their price target on Cracker Barrel Old Country Store from $94.00 to $86.00 in a research note on Sunday, December 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Cracker Barrel Old Country Store from $106.00 to $100.00 in a research note on Monday, December 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average target price of $104.88.

Cracker Barrel Old Country Store Profile

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Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.