Raymond James & Associates Has $1.48 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Raymond James & Associates decreased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 50.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,179 shares of the restaurant operator’s stock after selling 19,439 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Cracker Barrel Old Country Store worth $1,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Cracker Barrel Old Country Store by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock valued at $176,257,000 after buying an additional 12,128 shares during the last quarter. BlackRock Inc. raised its holdings in Cracker Barrel Old Country Store by 0.8% during the 1st quarter. BlackRock Inc. now owns 2,549,306 shares of the restaurant operator’s stock worth $302,682,000 after purchasing an additional 21,310 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.9% in the 3rd quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator’s stock worth $129,056,000 after purchasing an additional 35,042 shares during the period. State Street Corp boosted its stake in shares of Cracker Barrel Old Country Store by 13.0% in the 1st quarter. State Street Corp now owns 848,891 shares of the restaurant operator’s stock valued at $96,434,000 after purchasing an additional 97,728 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Cracker Barrel Old Country Store by 7.3% during the first quarter. Bank of America Corp DE now owns 752,989 shares of the restaurant operator’s stock worth $85,540,000 after buying an additional 50,927 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CBRL shares. UBS Group cut their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Truist Financial decreased their target price on 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. Citigroup boosted their price target on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler reduced 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 report on Monday, March 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to 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 Trading Up 0.9 %

NASDAQ CBRL opened at $56.38 on Friday. 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, Inc. has a 52 week low of $54.87 and a 52 week high of $116.05. The business has a 50 day moving average price of $67.97 and a 200-day moving average price of $71.40. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 4.25 and a beta of 1.45.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data 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 net margin of 2.43% and a return on equity of 23.13%. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $917.83 million. During the same quarter in the prior year, the company posted $1.48 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.62 earnings per share 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. Investors of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 annualized dividend and a yield of 9.22%. Cracker Barrel Old Country Store’s payout ratio is 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.