Rhumbline Advisers Lowers Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Rhumbline Advisers cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,489 shares of the restaurant operator’s stock after selling 2,590 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Cracker Barrel Old Country Store worth $2,775,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CBRL. Investors Research Corp raised its holdings in Cracker Barrel Old Country Store by 24.9% in the first quarter. Investors Research Corp now owns 6,620 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 1,320 shares in the last quarter. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 1,901.6% in the 1st quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator’s stock worth $1,842,000 after purchasing an additional 45,068 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cracker Barrel Old Country Store by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,837 shares of the restaurant operator’s stock worth $1,894,000 after purchasing an additional 4,192 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.1% during the 4th quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator’s stock valued at $11,839,000 after buying an additional 2,366 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter valued at approximately $3,990,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. UBS Group reissued a “neutral” rating and issued a $60.00 price objective (up from $48.00) on shares of Cracker Barrel Old Country Store in a research note on Tuesday, June 3rd. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, March 10th. Bank of America increased their price objective on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, June 6th. Finally, Wall Street Zen raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Two investment 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.86.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 105,900 shares of the business’s stock in a transaction on Friday, April 4th. The shares were bought at an average price of $35.94 per share, with a total value of $3,806,046.00. Following the completion of the transaction, the insider now directly owns 2,452,200 shares in the company, valued at approximately $88,132,068. This represents a 4.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 385,307 shares of company stock valued at $15,679,910. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $52.06 on Monday. The stock has a 50-day simple moving average of $49.41 and a 200-day simple moving average of $50.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The stock has a market capitalization of $1.16 billion, a PE ratio of 28.76, a PEG ratio of 8.36 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $65.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $821.10 million during the quarter, compared to analysts’ expectations of $824.65 million. During the same quarter last year, the business posted $0.88 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, July 18th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 38.76%.

About Cracker Barrel Old Country Store

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.