Voya Investment Management LLC Sells 645 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Voya Investment Management LLC reduced its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 9.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,958 shares of the restaurant operator’s stock after selling 645 shares during the period. Voya Investment Management LLC’s holdings in Cracker Barrel Old Country Store were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $30,000. Meeder Asset Management Inc. bought a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $45,000. Russell Investments Group Ltd. raised its position in Cracker Barrel Old Country Store by 360.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 922 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the 1st quarter valued at $48,000. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of research analyst reports. Truist Financial set a $58.00 target price on Cracker Barrel Old Country Store in a research report on Thursday, September 18th. Wall Street Zen lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 20th. Zacks Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Argus decreased their target price on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. Finally, Loop Capital lifted their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $52.14.

Cracker Barrel Old Country Store Trading Down 1.2%

CBRL opened at $44.95 on Tuesday. The stock has a fifty day moving average price of $55.79 and a 200-day moving average price of $53.05. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.85 and a 12 month high of $71.93. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 21.72 and a beta of 1.41. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03). Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The business had revenue of $868.01 million for the quarter, compared to analyst estimates of $853.90 million. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate 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, November 12th. Investors of record on Friday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 48.31%.

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.