nVerses Capital LLC Increases Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

nVerses Capital LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 26.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,400 shares of the restaurant operator’s stock after purchasing an additional 500 shares during the quarter. nVerses Capital LLC’s holdings in Cracker Barrel Old Country Store were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. grew its position 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 valued at $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC raised its holdings 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 valued at $36,000 after purchasing an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $45,000. GAMMA Investing LLC boosted its holdings in Cracker Barrel Old Country Store by 447.2% in the second 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 during the last quarter. Finally, Bank & Trust Co purchased a new stake in Cracker Barrel Old Country Store in the second quarter worth approximately $81,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Trading Up 1.3 %

Shares of Cracker Barrel Old Country Store stock opened at $50.47 on Monday. The company’s fifty day simple moving average is $41.94 and its 200-day simple moving average is $46.74. The stock has a market capitalization of $1.12 billion, a PE ratio of 18.62, a P/E/G ratio of 1.23 and a beta of 1.43. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $83.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data 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 firm 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 net margin of 1.18% and a return on equity of 18.65%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 earnings per share. As a group, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. Cracker Barrel Old Country Store’s payout ratio is 36.90%.

Wall Street Analyst Weigh In

CBRL has been the topic of several research reports. Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday, September 20th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. 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 report on Friday, September 20th. Finally, Argus cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $53.57.

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.