International Assets Investment Management LLC Makes New $1.02 Million Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,403 shares of the restaurant operator’s stock, valued at approximately $1,016,000. International Assets Investment Management LLC owned approximately 0.10% of Cracker Barrel Old Country Store at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $306,000. nVerses Capital LLC increased its stake in Cracker Barrel Old Country Store by 26.3% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares during the last quarter. Creative Planning grew its stake in shares of Cracker Barrel Old Country Store by 9.1% during the third quarter. Creative Planning now owns 13,799 shares of the restaurant operator’s stock worth $626,000 after buying an additional 1,153 shares during the last quarter. Wedge Capital Management L L P NC raised its position in 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 worth $1,427,000 after purchasing an additional 4,292 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth approximately $45,000. Institutional investors own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 note on Friday, September 20th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note 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. Bank of America raised their price objective 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, Truist Financial lifted their price target on 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. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $45.85 on Tuesday. The stock has a fifty day moving average price of $43.58 and a 200-day moving average price of $45.62. 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 $1.02 billion, a PE ratio of 24.92, a P/E/G ratio of 1.36 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08.

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 (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 during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the prior year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

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

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.