Federated Hermes Inc. Purchases Shares of 8,549 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Federated Hermes Inc. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 8,549 shares of the restaurant operator’s stock, valued at approximately $659,000.

A number of other hedge funds also recently made changes to their positions in CBRL. Commonwealth Equity Services LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 27.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,075 shares of the restaurant operator’s stock valued at $744,000 after purchasing an additional 2,367 shares during the last quarter. Raymond James & Associates raised its stake in shares of Cracker Barrel Old Country Store by 47.3% in the 3rd quarter. Raymond James & Associates now owns 38,618 shares of the restaurant operator’s stock valued at $2,595,000 after acquiring an additional 12,406 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Cracker Barrel Old Country Store by 7.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,543 shares of the restaurant operator’s stock valued at $1,179,000 after acquiring an additional 1,172 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at $216,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cracker Barrel Old Country Store by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,312 shares of the restaurant operator’s stock valued at $827,000 after acquiring an additional 684 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial cut their target price on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. UBS Group dropped their price target 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 note on Wednesday, February 28th. Piper Sandler dropped their price target on shares of 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. Finally, Citigroup lifted their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.57.

Cracker Barrel Old Country Store Trading Up 1.5 %

NASDAQ CBRL opened at $57.18 on Friday. Cracker Barrel Old Country Store, Inc. has a one year low of $54.87 and a one year high of $116.05. The company has a 50-day simple moving average of $65.39 and a 200-day simple moving average of $70.95. 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 firm has a market capitalization of $1.27 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 4.12 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results 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. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.09%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) 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.