Stratos Wealth Advisors LLC Invests $231,000 in Cracker Barrel Old Country Store, Inc. $CBRL

Stratos Wealth Advisors LLC bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,774 shares of the restaurant operator’s stock, valued at approximately $231,000.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup decreased their price objective on Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Wells Fargo & Company assumed coverage on Cracker Barrel Old Country Store in a report on Friday. They issued an “equal weight” rating and a $42.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 8th. Argus decreased their price objective on Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $50.88.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $36.63 on Tuesday. The company has a market capitalization of $815.75 million, a PE ratio of 17.70 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The company has a 50-day simple moving average of $49.75 and a two-hundred day simple moving average of $53.22. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 EPS for the quarter. The business had revenue of $845.09 million during the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Cracker Barrel Old Country Store’s payout ratio is presently 48.31%.

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.