Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,281 shares of the restaurant operator’s stock after selling 4,310 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Cracker Barrel Old Country Store worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System acquired a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $565,000. Creative Planning grew its position in shares of Cracker Barrel Old Country Store by 8.9% in the 3rd quarter. Creative Planning now owns 13,140 shares of the restaurant operator’s stock valued at $1,217,000 after buying an additional 1,078 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Cracker Barrel Old Country Store by 43.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 370 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 112 shares during the last quarter. Duality Advisers LP grew its position in shares of Cracker Barrel Old Country Store by 38.1% in the 3rd quarter. Duality Advisers LP now owns 29,646 shares of the restaurant operator’s stock valued at $2,745,000 after buying an additional 8,173 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $1,691,000. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Down 1.5 %

Shares of NASDAQ:CBRL opened at $106.24 on Monday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 4.43 and a beta of 1.36. The firm’s 50-day simple moving average is $108.04 and its 200-day simple moving average is $105.95. The company has a quick ratio of 0.26, a current ratio of 0.66 and a debt-to-equity ratio of 0.93. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $81.87 and a fifty-two week high of $126.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last issued its earnings results on Tuesday, February 28th. The restaurant operator reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. The business had revenue of $933.90 million for the quarter, compared to the consensus estimate of $917.47 million. Cracker Barrel Old Country Store had a net margin of 3.20% and a return on equity of 23.55%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. As a group, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 5.82 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 14th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 13th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 108.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CBRL. CL King increased their target price on shares of Cracker Barrel Old Country Store from $125.00 to $130.00 in a research report on Wednesday, March 1st. Citigroup increased their target price on shares of Cracker Barrel Old Country Store from $90.00 to $92.00 and gave the company a “sell” rating in a research report on Wednesday, March 1st. Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $101.00 to $105.00 in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cracker Barrel Old Country Store from $100.00 to $110.00 in a research report on Wednesday, March 1st. Finally, TheStreet raised shares of Cracker Barrel Old Country Store from a “c” rating to a “b-” rating in a research report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.00.

Cracker Barrel Old Country Store Company 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.