Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,642 shares of the restaurant operator’s stock after selling 888 shares during the period. Stifel Financial Corp owned approximately 0.17% of Cracker Barrel Old Country Store worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Cracker Barrel Old Country Store in the second quarter valued at $25,636,000. Charles Schwab Investment Management Inc. lifted its position in Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after buying an additional 111,892 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $4,498,000. Verition Fund Management LLC grew its position in Cracker Barrel Old Country Store by 96.0% in the 3rd quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after acquiring an additional 78,816 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $2,526,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CBRL shares. Piper Sandler upped their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital raised their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. UBS Group upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, Argus raised shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.25.

Cracker Barrel Old Country Store Trading Up 2.4 %

NASDAQ:CBRL opened at $53.40 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.19 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. The stock has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $44.92. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share 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 company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period last year, the firm earned $1.79 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.82 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, February 12th. Investors 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%.

About Cracker Barrel Old Country Store

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.