UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,331 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,645 shares of the restaurant operator’s stock after selling 8,331 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Cracker Barrel Old Country Store worth $1,435,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CBRL. Blueshift Asset Management LLC bought a new position in Cracker Barrel Old Country Store in the third quarter valued at about $236,000. BNP Paribas Financial Markets boosted its stake in shares of Cracker Barrel Old Country Store by 74.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after purchasing an additional 13,040 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $1,287,000. Finally, Intech Investment Management LLC bought a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $222,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $53.41 on Wednesday. The stock’s 50 day moving average is $48.98 and its 200 day moving average is $44.78. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $83.51. The firm has a market cap of $1.19 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter last year, the firm posted $1.79 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.82 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.25%.

Analyst Ratings Changes

A number of analysts have weighed in on CBRL shares. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research note on Thursday, December 5th. Loop Capital boosted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Truist Financial increased their target price on 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. UBS Group lifted their price target 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, December 5th. Finally, Argus raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.25.

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.