Cracker Barrel Old Country Store, Inc. $CBRL Shares Acquired by Brighton Jones LLC

Brighton Jones LLC lifted its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,115 shares of the restaurant operator’s stock after purchasing an additional 1,885 shares during the quarter. Brighton Jones LLC owned about 0.05% of Cracker Barrel Old Country Store worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CBRL. GMT Capital Corp acquired a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $78,750,000. Woodline Partners LP raised its position in shares of Cracker Barrel Old Country Store by 340.8% during the 1st quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock worth $12,919,000 after purchasing an additional 257,301 shares during the period. Allianz Asset Management GmbH increased its position in Cracker Barrel Old Country Store by 113.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 273,745 shares of the restaurant operator’s stock valued at $16,720,000 after acquiring an additional 145,511 shares during the period. Trexquant Investment LP acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $4,795,000. Finally, Fox Run Management L.L.C. acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $1,176,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Up 0.7%

CBRL opened at $35.81 on Wednesday. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year high of $71.93. 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 stock’s fifty day moving average is $46.79 and its 200-day moving average is $53.18. The company has a market capitalization of $797.49 million, a PE ratio of 17.30 and a beta of 1.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, December 4th. The restaurant operator reported $0.45 EPS for the quarter. Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The company had revenue of $845.09 million for the quarter. On average, equities analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 17th. Cracker Barrel Old Country Store’s payout ratio is presently 48.31%.

Analyst Ratings Changes

Several research firms recently commented on CBRL. Piper Sandler lowered their target price on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 18th. Bank of America lowered their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating on the stock in a research report on Thursday, September 18th. Zacks Research cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Truist Financial set a $58.00 target price on Cracker Barrel Old Country Store in a research report on Thursday, September 18th. Finally, UBS Group restated a “neutral” rating and issued a $69.00 target price (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store presently has an average rating of “Reduce” and an average price target of $50.88.

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.