US Bancorp DE Grows Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

US Bancorp DE lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 365.0% in the 3rd quarter, Holdings Channel reports. The fund owned 3,246 shares of the restaurant operator’s stock after buying an additional 2,548 shares during the quarter. US Bancorp DE’s holdings in Cracker Barrel Old Country Store were worth $147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CBRL. Hazlett Burt & Watson Inc. grew its position in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC lifted its holdings in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth about $45,000. GAMMA Investing LLC grew its holdings in Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 1,051 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 1,500 shares during the period. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CBRL shares. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday. UBS Group cut their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, September 20th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Truist Financial upped their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.57.

Cracker Barrel Old Country Store Stock Up 1.5 %

CBRL opened at $48.81 on Friday. The business’s fifty day simple moving average is $45.15 and its 200 day simple moving average is $44.97. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.08 billion, a PE ratio of 26.53, a P/E/G ratio of 1.29 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 54.35%.

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.