Oppenheimer Asset Management Inc. Sells 312 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Oppenheimer Asset Management Inc. trimmed its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,036 shares of the restaurant operator’s stock after selling 312 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $637,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after buying an additional 306 shares in the last quarter. Vanguard Group Inc. lifted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock worth $190,263,000 after purchasing an additional 6,804 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at about $838,000. UniSuper Management Pty Ltd purchased a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $448,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Cracker Barrel Old Country Store by 5.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,018 shares of the restaurant operator’s stock worth $1,527,000 after purchasing an additional 1,155 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CBRL shares. UBS Group dropped their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Piper Sandler boosted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday. Truist Financial increased their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.25.

Cracker Barrel Old Country Store Trading Down 2.5 %

Shares of CBRL opened at $47.22 on Wednesday. The company’s fifty day simple moving average is $45.62 and its 200-day simple moving average is $44.67. The company has a market cap of $1.05 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

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.