US Bancorp DE Buys 2,548 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

US Bancorp DE increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 365.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,246 shares of the restaurant operator’s stock after acquiring an additional 2,548 shares during the quarter. US Bancorp DE’s holdings in Cracker Barrel Old Country Store were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. increased its position in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the period. CWM LLC grew its holdings in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 419 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter worth about $45,000. GAMMA Investing LLC lifted its stake in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 1,051 shares during the period. Finally, nVerses Capital LLC lifted its stake in shares of Cracker Barrel Old Country Store by 375.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,500 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Trading Up 1.5 %

NASDAQ:CBRL opened at $48.81 on Friday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. The firm has a 50-day moving average price of $45.15 and a two-hundred day moving average price of $44.97. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the previous year, the business posted $1.79 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts expect 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 was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 54.35%.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of research analyst reports. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. 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. Loop Capital dropped their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. UBS Group reduced 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. Finally, Truist Financial lifted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.57.

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.