11,100 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,100 shares of the restaurant operator’s stock, valued at approximately $856,000. Louisiana State Employees Retirement System owned about 0.05% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Cracker Barrel Old Country Store during the 4th quarter worth $2,935,000. Nisa Investment Advisors LLC increased its holdings in Cracker Barrel Old Country Store by 22.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator’s stock worth $1,596,000 after purchasing an additional 3,794 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cracker Barrel Old Country Store by 4.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,911 shares of the restaurant operator’s stock worth $995,000 after purchasing an additional 599 shares during the period. Stratos Wealth Advisors LLC increased its holdings in Cracker Barrel Old Country Store by 7.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in Cracker Barrel Old Country Store during the 4th quarter worth $1,001,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Down 2.3 %

Shares of CBRL stock opened at $59.32 on Friday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $54.87 and a 1-year high of $116.05. The stock’s fifty day moving average price is $66.46 and its 200 day moving average price is $71.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 4.33 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $917.83 million. During the same period in the previous year, the business earned $1.48 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 8.77%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Piper Sandler cut their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Truist Financial cut their price target on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. UBS Group cut their price target on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, Citigroup lifted their price target on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.57.

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.