Principal Financial Group Inc. Has $4.31 Million Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Principal Financial Group Inc. increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,895 shares of the restaurant operator’s stock after acquiring an additional 3,075 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of Cracker Barrel Old Country Store worth $4,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 685.9% in the fourth 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. Lee Danner & Bass Inc. acquired a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $56,000. Occudo Quantitative Strategies LP acquired a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $207,000. KLP Kapitalforvaltning AS acquired a new position in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $217,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Cracker Barrel Old Country Store by 32.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator’s stock valued at $218,000 after buying an additional 1,020 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 0.1%

NASDAQ CBRL opened at $65.90 on Friday. The business’s 50-day moving average is $59.47 and its 200 day moving average is $51.79. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.86 and a 1 year high of $69.33. The stock has a market capitalization of $1.47 billion, a PE ratio of 25.54, a PEG ratio of 6.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The company had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, July 18th. Cracker Barrel Old Country Store’s payout ratio is currently 38.76%.

Wall Street Analysts Forecast Growth

CBRL has been the topic of a number of recent research reports. Bank of America increased their target price on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, June 6th. UBS Group reiterated a “neutral” rating and issued a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a “buy” rating in a report on Friday, June 13th. Loop Capital lifted their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, June 6th. Finally, Citigroup reissued a “sell” rating and issued a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.14.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $44.60 per share, for a total transaction of $2,363,800.00. Following the acquisition, the insider owned 2,833,700 shares of the company’s stock, valued at approximately $126,383,020. This trade represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 221,107 shares of company stock worth $9,546,581 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.