Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Acquired by Factorial Partners LLC

Factorial Partners LLC boosted its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 52.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,000 shares of the restaurant operator’s stock after purchasing an additional 9,000 shares during the period. Factorial Partners LLC’s holdings in Cracker Barrel Old Country Store were worth $1,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in 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 valued at $324,000 after purchasing an additional 306 shares during the period. Comerica Bank boosted its holdings in shares of Cracker Barrel Old Country Store by 49.6% in the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after purchasing an additional 4,263 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at $1,016,000. XTX Topco Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter worth $616,000. Finally, CWM LLC raised its position in shares of Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $47.22 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.05 billion, a PE ratio of 26.09, a P/E/G ratio of 1.38 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The firm has a 50-day simple moving average of $45.62 and a 200 day simple moving average of $44.67.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS. On average, sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.97 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CBRL shares. Bank of America boosted their price target on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th. Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday. Piper Sandler raised their price objective on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Finally, Truist Financial upped their target price on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $51.25.

About Cracker Barrel Old Country Store

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.