Intech Investment Management LLC Invests $222,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Intech Investment Management LLC purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,891 shares of the restaurant operator’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. CWM LLC grew its position in shares of Cracker Barrel Old Country Store by 96.3% in the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 1,051 shares in the last quarter. Finally, nVerses Capital LLC raised its position in shares of Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBRL. UBS Group increased their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Monday, November 18th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday. Loop Capital lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL stock opened at $51.06 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.58 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $83.51. The company’s 50-day simple moving average is $48.27 and its 200-day simple moving average is $44.57. 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 released its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. During the same quarter last year, the company earned $1.79 EPS. Cracker Barrel Old Country Store’s revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, January 17th. 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.