D.A. Davidson & CO. Takes $359,000 Position in Cracker Barrel Old Country Store, Inc. $CBRL

D.A. Davidson & CO. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,777 shares of the restaurant operator’s stock, valued at approximately $359,000. D.A. Davidson & CO. owned approximately 0.06% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRL. Caitong International Asset Management Co. Ltd purchased a new position in Cracker Barrel Old Country Store during the third quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new stake in Cracker Barrel Old Country Store in the fourth quarter valued at approximately $35,000. Canada Pension Plan Investment Board acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $37,000. CWM LLC increased its position in shares of Cracker Barrel Old Country Store by 85.1% in the fourth quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 1,078 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Cracker Barrel Old Country Store by 16.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $53.71 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $24.85 and a 12 month high of $67.64. The stock has a 50 day moving average of $44.21 and a two-hundred day moving average of $35.18. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.20 billion, a P/E ratio of 46.30 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to analysts’ expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, analysts expect that Cracker Barrel Old Country Store, Inc. will post -0.4 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 86.21%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CBRL shares. Wells Fargo & Company upped their target price on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Piper Sandler reissued a “neutral” rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday. Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.14.

About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.