Illinois Municipal Retirement Fund Sells 1,781 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Illinois Municipal Retirement Fund reduced its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,127 shares of the restaurant operator’s stock after selling 1,781 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cracker Barrel Old Country Store were worth $935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Leavell Investment Management Inc. bought a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $211,000. Stratos Wealth Advisors LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $216,000. Advisor Partners II LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $242,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Cracker Barrel Old Country Store by 59.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,292 shares of the restaurant operator’s stock valued at $288,000 after acquiring an additional 1,593 shares during the last quarter. Finally, South Dakota Investment Council purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $302,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $59.32 on Monday. The stock has a fifty day moving average of $66.22 and a 200 day moving average of $71.15. Cracker Barrel Old Country Store, Inc. has a 52 week low of $54.87 and a 52 week high of $116.05. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 4.20 and a beta of 1.45. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same quarter last year, the firm posted $1.48 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 8.77%. The ex-dividend date is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group dropped their price objective on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Truist Financial dropped their price objective on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Citigroup increased their price objective on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler dropped their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.57.

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.