California State Teachers Retirement System sells 1,214 shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

California State Teachers Retirement System reduced its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company owned 20,181 shares of the restaurant operator’s stock after selling 1,214 shares during the quarter. California State Teachers Retirement System owned about 0.09% of Cracker Barrel Old Country Store worth $1,468,000, according to its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $10,727,000. Verition Fund Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 423.9% in the fourth quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock valued at $6,308,000 after purchasing an additional 66,215 shares during the period. Armistice Capital LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $3,854,000. Miller Howard Investments Inc. NY acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at $2,909,000. Finally, International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $2,935,000. Hedge funds and other institutional investors own 96.01% of the company’s shares.

Cracker Barrel Old Country Store records 4.6% loss

Shares of CBRL opened at $38.15 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. Cracker Barrel Old Country Store, Inc. has a 1-year low of $37.88 and a 1-year high of $90.71. The company has a market cap of $847.01 million, a P/E ratio of 14.08, a PEG ratio of 1.15 and a beta of 1.43. The company’s 50-day moving average is $43.52 and its 200-day moving average is $57.07.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last released its quarterly earnings results on Thursday, May 30. The restaurant operator reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analyst expectations of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company’s quarterly revenue declined 1.9% year-over-year. In the same quarter last year, the company reported earnings per share of $1.21. Sell-side analysts forecast that Cracker Barrel Old Country Store, Inc. will 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 per share. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 36.90%.

Upgrades and downgrades by analysts

Several equities analysts have commented on CBRL shares. Truist Financial lowered their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 31st. StockNews.com downgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, May 20th. Bank of America lowered their price target on shares of Cracker Barrel Old Country Store from $48.00 to $46.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Finally, CL downgraded King Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a price target of $90.00 for the company in a research note on Friday, May 17. Three equities analysts have rated the stock with a “sell” rating and seven have given a “hold” rating. The company currently has an average rating of “hold” and an average price target of $59.86, according to MarketBeat.com.

Check out our latest review of 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.