Axa S.A. Takes $651,000 Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Axa S.A. bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,448 shares of the restaurant operator’s stock, valued at approximately $651,000. Axa S.A. owned 0.07% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter worth $10,727,000. 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 purchasing an additional 582 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Cracker Barrel Old Country Store by 53.7% during the 4th quarter. Allianz Asset Management GmbH now owns 55,712 shares of the restaurant operator’s stock worth $4,294,000 after purchasing an additional 19,460 shares during the period. Armistice Capital LLC acquired a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at about $3,854,000. Finally, Pinebridge Investments L.P. boosted its stake in shares of Cracker Barrel Old Country Store by 63.7% in the 4th quarter. Pinebridge Investments L.P. now owns 17,794 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 6,925 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CBRL shares. UBS Group lowered their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Loop Capital lowered their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Truist Financial increased their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a report on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Bank of America increased their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.57.

Cracker Barrel Old Country Store Stock Up 3.4 %

Cracker Barrel Old Country Store stock opened at $46.87 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 17.30, a PEG ratio of 1.11 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. 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 stock has a 50-day simple moving average of $40.93 and a 200-day simple moving average of $48.83.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data 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). The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. Cracker Barrel Old Country Store’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.1 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 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.