419 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 419 shares of the restaurant operator’s stock, valued at approximately $32,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC boosted its holdings in Cracker Barrel Old Country Store by 0.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after buying an additional 134 shares in the last quarter. HighTower Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock worth $394,000 after purchasing an additional 251 shares during the period. Stratos Wealth Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 7.9% in 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. Synovus Financial Corp boosted its stake in Cracker Barrel Old Country Store by 3.7% in the 3rd quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares during the period. Finally, Swiss National Bank boosted its stake in Cracker Barrel Old Country Store by 0.9% in the 3rd quarter. Swiss National Bank now owns 43,850 shares of the restaurant operator’s stock worth $2,947,000 after purchasing an additional 400 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup raised their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, February 28th. Piper Sandler decreased their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. UBS Group decreased their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Truist Financial decreased their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and an average price target of $76.57.

Cracker Barrel Old Country Store Trading Down 1.8 %

Shares of NASDAQ:CBRL opened at $56.17 on Monday. The firm has a fifty day moving average of $64.83 and a two-hundred day moving average of $70.75. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 3.98 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a 12-month low of $54.87 and a 12-month high of $116.05. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $935.40 million for the quarter, compared to the consensus estimate of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.61 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 Tuesday, May 7th. Stockholders of record on Friday, April 12th will be issued 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 dividend yield of 9.26%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

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.