Dimensional Fund Advisors LP Sells 86,067 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Dimensional Fund Advisors LP decreased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 21.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,649 shares of the restaurant operator’s stock after selling 86,067 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Cracker Barrel Old Country Store worth $13,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock worth $190,263,000 after purchasing an additional 6,804 shares during the period. Earnest Partners LLC grew its holdings in shares of Cracker Barrel Old Country Store by 0.4% during the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock worth $148,107,000 after buying an additional 7,587 shares in the last quarter. Principal Financial Group Inc. raised its position in Cracker Barrel Old Country Store by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after buying an additional 381 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Cracker Barrel Old Country Store by 47.2% in the 1st quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock valued at $6,489,000 after acquiring an additional 28,627 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in Cracker Barrel Old Country Store by 423.9% during the 4th quarter. Verition Fund Management LLC now owns 81,837 shares of the restaurant operator’s stock worth $6,308,000 after acquiring an additional 66,215 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Trading Up 2.8 %

Shares of NASDAQ:CBRL opened at $47.40 on Friday. The business has a 50 day moving average of $41.26 and a 200-day moving average of $48.42. The stock has a market cap of $1.05 billion, a PE ratio of 17.49, a P/E/G ratio of 1.11 and a beta of 1.43. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. As a group, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.1 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company 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 dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Wall Street Analyst Weigh In

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

About Cracker Barrel Old Country Store

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.