Inceptionr LLC Acquires Shares of 15,385 Cracker Barrel Old Country Store, Inc. $CBRL

Inceptionr LLC bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,385 shares of the restaurant operator’s stock, valued at approximately $432,000. Inceptionr LLC owned about 0.07% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cracker Barrel Old Country Store by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after buying an additional 546 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Cracker Barrel Old Country Store by 64.6% during the 2nd quarter. Cetera Investment Advisers now owns 9,210 shares of the restaurant operator’s stock valued at $563,000 after acquiring an additional 3,614 shares during the period. Norges Bank bought a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $843,000. New York State Common Retirement Fund increased its stake in shares of Cracker Barrel Old Country Store by 23.6% during the 2nd quarter. New York State Common Retirement Fund now owns 8,386 shares of the restaurant operator’s stock worth $512,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 76.0% during the 2nd quarter. Invesco Ltd. now owns 350,859 shares of the restaurant operator’s stock worth $21,430,000 after purchasing an additional 151,463 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Wednesday, June 10th. 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. Bank of America lifted their price target on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Argus increased their price objective on Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $53.71 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $44.21 and its two-hundred day simple moving average is $35.24. Cracker Barrel Old Country Store, Inc. has a twelve month low of $24.85 and a twelve month high of $67.64. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 46.30 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data 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 return on equity of 2.78% and a net margin of 0.79%.The firm had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. During the same period in the prior year, the company earned $0.56 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Cracker Barrel Old Country Store, Inc. will post -0.4 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) 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.