GAMMA Investing LLC buys 1,051 shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

GAMMA Investing LLC increased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 447.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,286 shares of the restaurant operator’s stock after acquiring an additional 1,051 shares during the period. GAMMA Investing LLC’s holdings in Cracker Barrel Old Country Store were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently changed their holdings in the company. Vanguard Group Inc. increased 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 valued at $190,263,000 after acquiring an additional 6,804 shares during the period. Earnest Partners LLC increased its stake in Cracker Barrel Old Country Store by 0.4% in the 1st quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock valued at $148,107,000 after acquiring an additional 7,587 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cracker Barrel Old Country Store by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,922 shares of the restaurant operator’s stock worth $55,337,000 after purchasing an additional 25,354 shares in the last quarter. Norges Bank bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at $10,727,000. Finally, First Eagle Investment Management LLC increased its position in shares of Cracker Barrel Old Country Store by 17.4% in the 4th quarter. First Eagle Investment Management LLC now owns 125,856 shares of the restaurant operator’s stock worth $9,701,000 after purchasing an additional 18,680 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store records 4.6% loss

NASDAQ:CBRL traded $1.86 lower during trading hours on Friday, reaching $38.15. The company’s shares had a trading volume of 691,366 shares, compared to its average volume of 757,520. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The company has a market cap of $847.01 million, a price-to-earnings ratio of 14.08, a PEG ratio of 1.15 and a beta of 1.43. The company has a 50-day simple moving average of $43.52 and a 200-day simple moving average of $57.32. Cracker Barrel Old Country Store, Inc. has a 1-year low of $37.88 and a 1-year high of $90.71.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last released its quarterly earnings results on Thursday, May 30. The restaurant operator reported earnings per share of $0.88 for the quarter, beating the consensus estimate of $0.56 by $0.32. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. The company had revenue of $817.14 million for the quarter, compared to the consensus estimate of $820.61 million. In the same quarter last year, the company generated earnings per share of $1.21. The company’s quarterly revenue declined 1.9% year-over-year. Research analysts expect Cracker Barrel Old Country Store, Inc. to report earnings per share of $3.82 for the current fiscal year.

Cracker Barrel Old Country Store cuts dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th were paid a dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, July 19th. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Wall Street analysts comment

Several equities analysts have recently issued reports on the company. Bank of America decreased their price target on Cracker Barrel Old Country Store from $48.00 to $46.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and issued a $90.00 price target on the stock in a research report on Friday, May 17th. Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, May 20th. Finally, StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 19. Three analysts have rated the stock with a “sell” rating and seven have given a “hold” rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.86.

Check out our latest analysis on Cracker Barrel Old Country Store

Cracker Barrel Old Country Store Profile

(Free report)

Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. Cracker Barrel stores consist of restaurants with a gift shop. The company’s restaurants serve breakfast, lunch and dinner daily and also offer take-out, pickup and delivery services.