Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 29.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,525 shares of the restaurant operator’s stock after buying an additional 1,034 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cracker Barrel Old Country Store were worth $349,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in Cracker Barrel Old Country Store in the 4th quarter valued at approximately $856,000. International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the 4th quarter worth $2,935,000. Nisa Investment Advisors LLC raised its position in Cracker Barrel Old Country Store by 22.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator’s stock valued at $1,596,000 after purchasing an additional 3,794 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cracker Barrel Old Country Store by 4.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,911 shares of the restaurant operator’s stock valued at $995,000 after purchasing an additional 599 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 1.8 %

NASDAQ CBRL opened at $56.17 on Friday. The firm’s fifty day moving average is $64.83 and its two-hundred day moving average is $70.76. 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 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 cap of $1.25 billion, a PE ratio of 14.98, a P/E/G ratio of 4.05 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $935.40 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 9.26%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 138.67%.

Analyst Ratings Changes

Several brokerages recently weighed in on CBRL. Truist Financial reduced 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 report on Wednesday, April 17th. 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. Piper Sandler dropped their target price on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Finally, UBS Group cut their price target on 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target 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.