Sanctuary Advisors LLC Invests $279,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Sanctuary Advisors LLC purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,607 shares of the restaurant operator’s stock, valued at approximately $279,000.

Several other large investors also recently modified their holdings of CBRL. Future Financial Wealth Managment LLC purchased a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $73,000. Duality Advisers LP grew its stake in Cracker Barrel Old Country Store by 196.5% in the 1st quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after buying an additional 33,751 shares in the last quarter. ProShare Advisors LLC grew its stake in Cracker Barrel Old Country Store by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after buying an additional 306 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in Cracker Barrel Old Country Store in the 1st quarter valued at approximately $2,909,000. Finally, Comerica Bank grew its stake in Cracker Barrel Old Country Store by 49.6% in the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after buying an additional 4,263 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CBRL shares. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Friday, September 20th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $50.47 on Friday. The company has a 50-day simple moving average of $41.94 and a two-hundred day simple moving average of $46.91. 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, Inc. has a 12-month low of $34.88 and a 12-month high of $83.51. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.23 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. On average, equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is currently 36.90%.

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.