Hsbc Holdings PLC Makes New $515,000 Investment in Cracker Barrel Old Country Store, Inc. $CBRL

Hsbc Holdings PLC acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,389 shares of the restaurant operator’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Maxi Investments CY Ltd bought a new position in Cracker Barrel Old Country Store in the fourth quarter worth $1,168,000. UBS Group AG boosted its stake in Cracker Barrel Old Country Store by 50.3% during the fourth quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock worth $7,422,000 after buying an additional 97,761 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Cracker Barrel Old Country Store by 173.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock valued at $3,950,000 after buying an additional 98,686 shares during the period. GFS Advisors LLC bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $508,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Cracker Barrel Old Country Store by 262.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 149,849 shares of the restaurant operator’s stock valued at $3,806,000 after buying an additional 108,533 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Wells Fargo & Company increased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, July 21st. Wall Street Zen raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Argus upped their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

Cracker Barrel Old Country Store stock opened at $56.39 on Friday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 48.61 and a beta of 1.20. The stock has a fifty day moving average price of $46.69 and a two-hundred day moving average price of $36.10. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $63.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.74. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company had revenue of $797.37 million for the quarter, compared to the consensus estimate of $776.69 million. During the same quarter in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be given a $0.25 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. Cracker Barrel Old Country Store’s payout ratio is 86.21%.

Cracker Barrel Old Country Store Company Profile

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.