Aviance Capital Partners LLC Grows Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aviance Capital Partners LLC increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,251 shares of the restaurant operator’s stock after purchasing an additional 2,123 shares during the quarter. Aviance Capital Partners LLC owned approximately 0.08% of Cracker Barrel Old Country Store worth $1,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the first quarter valued at $73,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $2,909,000. Nomura Holdings Inc. boosted its position in shares of Cracker Barrel Old Country Store by 23.0% in the 4th quarter. Nomura Holdings Inc. now owns 56,783 shares of the restaurant operator’s stock valued at $4,377,000 after purchasing an additional 10,618 shares during the period. PNC Financial Services Group Inc. grew its stake in Cracker Barrel Old Country Store by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after buying an additional 582 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth approximately $199,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $40.80 on Tuesday. The stock has a market capitalization of $905.76 million, a price-to-earnings ratio of 15.06, a PEG ratio of 0.90 and a beta of 1.43. The business’s 50 day moving average is $50.06 and its two-hundred day moving average is $64.12. Cracker Barrel Old Country Store, Inc. has a 12-month low of $40.11 and a 12-month high of $98.60. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 191.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CBRL. CL King lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Friday, May 17th. Truist Financial dropped their price objective on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Citigroup decreased their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, May 31st. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $62.14.

Cracker Barrel Old Country Store 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.