Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 28.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,348 shares of the restaurant operator’s stock after selling 5,577 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.06% of Cracker Barrel Old Country Store worth $605,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp grew its holdings in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after buying an additional 274 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Cracker Barrel Old Country Store by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after acquiring an additional 306 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Cracker Barrel Old Country Store by 0.3% in the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after acquiring an additional 381 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Finally, CWM LLC increased its position in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CBRL. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday. Citigroup cut their price objective 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 report on Friday, May 31st. Truist Financial raised their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday. Loop Capital cut their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a report on Friday. Finally, UBS Group decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $41.57 on Friday. The company has a market cap of $922.94 million, a P/E ratio of 15.34, a P/E/G ratio of 0.94 and a beta of 1.42. The firm’s 50 day moving average is $40.95 and its two-hundred day moving average is $50.28. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). 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 $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period last year, the business posted $1.79 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.83 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

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.