Charles Schwab Investment Management Inc. Has $55.34 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Charles Schwab Investment Management Inc. boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 717,922 shares of the restaurant operator’s stock after buying an additional 25,354 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $55,337,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Fidelis Capital Partners LLC increased its position in shares of Cracker Barrel Old Country Store by 0.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after buying an additional 134 shares during the period. HighTower Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock valued at $394,000 after buying an additional 251 shares during the period. Stratos Wealth Advisors LLC increased its position in 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 in the last quarter. Synovus Financial Corp raised its stake in Cracker Barrel Old Country Store by 3.7% during the 3rd quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock worth $560,000 after buying an additional 300 shares during the period. Finally, Swiss National Bank boosted its holdings in Cracker Barrel Old Country Store by 0.9% in the third quarter. Swiss National Bank now owns 43,850 shares of the restaurant operator’s stock worth $2,947,000 after acquiring an additional 400 shares in the last quarter. 96.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CBRL shares. Bank of America lowered their target price on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday. Citigroup raised their price objective on shares of 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. Truist Financial decreased their target price on shares of Cracker Barrel Old Country Store from $68.00 to $60.00 and set a “hold” rating for the company in a research report on Monday. 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 report on Wednesday, February 28th. Finally, Piper Sandler decreased 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 report on Monday, March 4th. Two 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. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average target price of $73.57.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $57.27 on Friday. The stock has a market cap of $1.27 billion, a P/E ratio of 15.27, a P/E/G ratio of 4.10 and a beta of 1.48. 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 company’s 50 day moving average price is $62.55 and its two-hundred day moving average price is $69.98. 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 posted its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.54 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Friday, April 12th were issued a dividend of $1.30 per share. The ex-dividend date was Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 9.08%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

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.