Principal Financial Group Inc. Has $4.75 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Principal Financial Group Inc. decreased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,832 shares of the restaurant operator’s stock after selling 4,854 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Cracker Barrel Old Country Store worth $4,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CBRL. Hazlett Burt & Watson Inc. grew its holdings in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 400 shares during the period. CWM LLC grew its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $45,000. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after buying an additional 1,051 shares during the period. Finally, nVerses Capital LLC raised its position 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 acquiring an additional 1,500 shares during the period. 96.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Piper Sandler lifted their target price on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group lowered their price target on 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, Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $47.64 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51. The company’s fifty day simple moving average is $46.03 and its 200-day simple moving average is $44.70. The firm has a market cap of $1.06 billion, a PE ratio of 26.32, a P/E/G ratio of 1.34 and a beta of 1.42. 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 issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.79 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.96 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 55.25%.

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.