Price T Rowe Associates Inc. MD Acquires 805 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Price T Rowe Associates Inc. MD increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,028 shares of the restaurant operator’s stock after acquiring an additional 805 shares during the period. Price T Rowe Associates Inc. MD owned 0.06% of Cracker Barrel Old Country Store worth $948,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also made changes to their holdings in the company. Pinebridge Investments LP increased its stake in Cracker Barrel Old Country Store by 63.7% in the fourth quarter. Pinebridge Investments LP now owns 17,794 shares of the restaurant operator’s stock worth $1,371,000 after buying an additional 6,925 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter valued at $2,935,000. Future Financial Wealth Management LLC acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at $73,000. Duality Advisers LP increased its stake in Cracker Barrel Old Country Store by 196.5% in the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after acquiring an additional 33,751 shares in the last quarter. Finally, Zürcher Kantonalbank Zürich Cantonalbank increased its stake in Cracker Barrel Old Country Store by 29.6% in the 4th quarter. Zürcher Kantonalbank Zürich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 1,034 shares during the same period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store shares fell 4.6%

CBRL stock opened at $38.15 on Monday. Cracker Barrel Old Country Store, Inc. has a 52-week low of $37.88 and a 52-week high of $90.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.63 and a quick ratio of 0.23. The stock 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’s 50-day moving average price is $43.52 and its 200-day moving average price 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 earnings per share of $0.88 for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. During the same period last year, the company generated earnings per share of $1.21. Cracker Barrel Old Country Store’s revenue for the quarter decreased 1.9% compared to the same quarter last year. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will report earnings per share of $3.82 for the current year.

Cracker Barrel Old Country Store cuts dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Friday, July 19th were paid a dividend of $0.25, representing a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 36.90%.

Wall Street analysts comment

Several brokerage firms have recently issued reports on CBRL. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Truist Financial decreased their price target on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. CL King downgraded Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company in a report on Friday, May 17th. Finally, Loop Capital decreased their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20. Three analysts have rated the stock a “sell” and seven have given the company a “hold” rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.86.

Get our latest analysis on Cracker Barrel Old Country Store

About Cracker Barrel Old Country Store

(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.