Raymond James & Associates Buys 854 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Raymond James & Associates boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,212 shares of the restaurant operator’s stock after acquiring an additional 854 shares during the period. Raymond James & Associates owned 0.12% of Cracker Barrel Old Country Store worth $2,442,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in Cracker Barrel Old Country Store by 8.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,100 shares of the restaurant operator’s stock valued at $807,000 after acquiring an additional 568 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Cracker Barrel Old Country Store during the first quarter valued at $174,000. Markel Corp lifted its position in Cracker Barrel Old Country Store by 13.4% during the first quarter. Markel Corp now owns 110,000 shares of the restaurant operator’s stock valued at $12,496,000 after buying an additional 13,000 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Cracker Barrel Old Country Store by 63.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 5,666 shares of the restaurant operator’s stock valued at $644,000 after buying an additional 2,195 shares during the period. Finally, Cravens & Co Advisors LLC lifted its position in Cracker Barrel Old Country Store by 5.6% during the first quarter. Cravens & Co Advisors LLC now owns 3,505 shares of the restaurant operator’s stock valued at $398,000 after buying an additional 186 shares during the period. Institutional investors own 93.66% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several recent research reports. UBS Group lowered their price objective on Cracker Barrel Old Country Store from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, September 14th. Citigroup lowered their price objective on Cracker Barrel Old Country Store from $77.00 to $66.00 and set a “sell” rating for the company in a research report on Thursday, September 14th. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $85.00 to $79.00 and set a “hold” rating for the company in a research report on Thursday, September 14th. StockNews.com started coverage on Cracker Barrel Old Country Store in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Loop Capital lowered their price target on Cracker Barrel Old Country Store from $97.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $90.44.

Insider Buying and Selling at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, CEO Sandra B. Cochran sold 24,700 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $67.13, for a total transaction of $1,658,111.00. Following the completion of the sale, the chief executive officer now directly owns 193,810 shares in the company, valued at approximately $13,010,465.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $64.62 on Monday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $62.69 and a fifty-two week high of $121.17. The business has a 50-day simple moving average of $71.75 and a two-hundred day simple moving average of $88.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.19 and a current ratio of 0.58. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.86 and a beta of 1.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 13th. The restaurant operator reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.11. Cracker Barrel Old Country Store had a return on equity of 25.24% and a net margin of 2.88%. The business had revenue of $836.70 million during the quarter, compared to analyst estimates of $841.59 million. During the same quarter in the previous year, the firm earned $1.57 EPS. Cracker Barrel Old Country Store’s revenue was up .8% on a year-over-year basis. On average, analysts expect that Cracker Barrel Old Country Store, Inc. will post 5.86 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 20th will be paid a dividend of $1.30 per share. The ex-dividend date is Thursday, October 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.05%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 116.85%.

Cracker Barrel Old Country Store Company 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.