Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Cwm LLC

Cwm LLC decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 96.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 771 shares of the restaurant operator’s stock after selling 19,790 shares during the period. Cwm LLC’s holdings in Cracker Barrel Old Country Store were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Leavell Investment Management Inc. acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at $211,000. Advisor Partners II LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $242,000. Stratos Wealth Advisors LLC increased 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 purchasing an additional 253 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Cracker Barrel Old Country Store by 59.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,292 shares of the restaurant operator’s stock worth $288,000 after purchasing an additional 1,593 shares during the period. Finally, South Dakota Investment Council purchased a new position in Cracker Barrel Old Country Store during the third quarter worth approximately $302,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CBRL shares. Citigroup boosted 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 report on Wednesday, February 28th. UBS Group cut their price target on shares of 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. Truist Financial dropped 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 report on Wednesday, April 17th. Finally, Piper Sandler reduced their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $76.57.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $53.91 on Thursday. The company has a fifty day simple moving average of $63.91 and a 200-day simple moving average of $70.43. 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 firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 3.98 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a 52-week low of $52.35 and a 52-week high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter in the prior year, the company earned $1.48 EPS. Cracker Barrel Old Country Store’s revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 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.