New York State Teachers Retirement System Sells 803 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

New York State Teachers Retirement System cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,582 shares of the restaurant operator’s stock after selling 803 shares during the quarter. New York State Teachers Retirement System’s holdings in Cracker Barrel Old Country Store were worth $2,820,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock valued at $1,477,000 after acquiring an additional 1,098 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Cracker Barrel Old Country Store by 162.6% in the third quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock valued at $5,017,000 after buying an additional 46,232 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cracker Barrel Old Country Store by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock worth $46,541,000 after acquiring an additional 24,902 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Cracker Barrel Old Country Store by 78.6% in the third quarter. First Eagle Investment Management LLC now owns 107,176 shares of the restaurant operator’s stock valued at $7,202,000 after acquiring an additional 47,167 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Cracker Barrel Old Country Store by 25.1% during the 3rd quarter. Victory Capital Management Inc. now owns 130,110 shares of the restaurant operator’s stock worth $8,743,000 after purchasing an additional 26,090 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Piper Sandler dropped their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Citigroup lifted their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. Finally, UBS Group dropped their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $77.14.

Cracker Barrel Old Country Store Stock Up 2.8 %

CBRL opened at $60.84 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The stock has a fifty day moving average of $69.25 and a 200-day moving average of $71.66. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $56.79 and a fifty-two week high of $116.05. The company has a market capitalization of $1.35 billion, a P/E ratio of 16.22, a P/E/G ratio of 4.19 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. During the same quarter in the previous year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.62 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

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