Vanguard Group Inc. Reduces Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Vanguard Group Inc. reduced its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,609,208 shares of the restaurant operator’s stock after selling 13,665 shares during the period. Vanguard Group Inc. owned approximately 11.75% of Cracker Barrel Old Country Store worth $201,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRL. Envestnet Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 162.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock worth $5,017,000 after purchasing an additional 46,232 shares in the last quarter. Stifel Financial Corp boosted its stake in Cracker Barrel Old Country Store by 16.6% during the third quarter. Stifel Financial Corp now owns 40,643 shares of the restaurant operator’s stock worth $2,731,000 after buying an additional 5,789 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Cracker Barrel Old Country Store by 6.1% in the 3rd quarter. Natixis Advisors L.P. now owns 19,850 shares of the restaurant operator’s stock valued at $1,334,000 after buying an additional 1,148 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Cracker Barrel Old Country Store by 324.0% in the 3rd quarter. Gotham Asset Management LLC now owns 16,275 shares of the restaurant operator’s stock worth $1,094,000 after acquiring an additional 12,437 shares during the last quarter. Finally, Arden Trust Co purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth $837,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBRL has been the subject of a number of analyst reports. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a report on Monday, June 3rd. Loop Capital reduced 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 research report on Monday, May 20th. CL King lowered Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday, May 17th. Citigroup reduced their target price on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research report on Friday, May 31st. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $62.14.

Cracker Barrel Old Country Store Trading Down 0.3 %

CBRL opened at $40.66 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $40.11 and a 52 week high of $98.60. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $49.65 and a 200-day simple moving average of $63.84. The firm has a market cap of $902.65 million, a P/E ratio of 15.00, a P/E/G ratio of 0.90 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Thursday, May 30th. 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 during the quarter, compared to the consensus estimate of $820.61 million. Cracker Barrel Old Country Store had a return on equity of 22.11% and a net margin of 1.77%. Cracker Barrel Old Country Store’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.88 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be given a $0.25 dividend. The ex-dividend date is Friday, July 19th. This represents a $1.00 annualized dividend and a yield of 2.46%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 191.88%.

Cracker Barrel Old Country Store Company 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.