Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,799 shares of the restaurant operator’s stock after buying an additional 1,153 shares during the quarter. Creative Planning owned about 0.06% of Cracker Barrel Old Country Store worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its stake in shares of Cracker Barrel Old Country Store by 15.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 31,461 shares of the restaurant operator’s stock valued at $1,427,000 after buying an additional 4,292 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth $45,000. Handelsbanken Fonder AB purchased a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth $212,000. Sanctuary Advisors LLC purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $279,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth $220,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $45.85 on Tuesday. The company has a 50-day moving average of $43.58 and a 200-day moving average of $45.62. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.36 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. 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 (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The firm had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same period in the prior year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 54.35%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of research reports. 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 research report on Friday, September 20th. Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Loop Capital decreased their price target 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 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 research 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 research 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.57.

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.