International Assets Investment Management LLC Invests $2.94 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

International Assets Investment Management LLC bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,078 shares of the restaurant operator’s stock, valued at approximately $2,935,000.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock worth $1,477,000 after buying an additional 1,098 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 162.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock worth $5,017,000 after buying an additional 46,232 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock worth $46,541,000 after buying an additional 24,902 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Cracker Barrel Old Country Store by 78.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 107,176 shares of the restaurant operator’s stock worth $7,202,000 after buying an additional 47,167 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 25.1% in the 3rd quarter. Victory Capital Management Inc. now owns 130,110 shares of the restaurant operator’s stock worth $8,743,000 after buying an additional 26,090 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CBRL shares. UBS Group dropped their target price on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Citigroup raised their price target on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Truist Financial dropped their price target on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Piper Sandler dropped their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $76.57.

Cracker Barrel Old Country Store Trading Up 0.9 %

CBRL stock opened at $56.38 on Friday. The company has a market cap of $1.25 billion, a P/E ratio of 15.03, a PEG ratio of 4.25 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a twelve month low of $54.87 and a twelve month high of $116.05. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $67.97 and a 200-day moving average of $71.40.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share. As a group, equities research 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 company 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 9.22%. Cracker Barrel Old Country Store’s payout ratio is currently 138.67%.

About Cracker Barrel Old Country Store

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.