UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 4,192 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,837 shares of the restaurant operator’s stock after buying an additional 4,192 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Cracker Barrel Old Country Store worth $1,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in Cracker Barrel Old Country Store by 685.9% in the 4th quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Cracker Barrel Old Country Store during the fourth quarter valued at $56,000. Occudo Quantitative Strategies LP bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $207,000. Finally, Empowered Funds LLC bought a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $63.00 to $64.00 and gave the company a “buy” rating in a report on Friday. UBS Group reaffirmed a “neutral” rating and set a $60.00 price objective (up previously from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Finally, Citigroup reiterated a “sell” rating and set a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $53.71.

Cracker Barrel Old Country Store Trading Up 3.3%

NASDAQ:CBRL opened at $55.38 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 30.60, a PEG ratio of 8.36 and a beta of 1.45. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.86 and a 12-month high of $65.43. The stock’s 50 day simple moving average is $47.57 and its 200-day simple moving average is $49.89.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.41. The firm had revenue of $821.10 million for the quarter, compared to the consensus estimate of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Cracker Barrel Old Country Store’s payout ratio is 38.76%.

Insider Transactions at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp bought 31,800 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of $37.31 per share, for a total transaction of $1,186,458.00. Following the purchase, the insider now owns 2,484,000 shares in the company, valued at $92,678,040. This trade represents a 1.30% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 385,307 shares of company stock worth $15,679,910 in the last three months. 1.40% of the stock is currently owned by company insiders.

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.