WBI Investments LLC Makes New $1.01 Million Investment in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

WBI Investments LLC bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,061 shares of the restaurant operator’s stock, valued at approximately $1,007,000.

A number of other large investors also recently added to or reduced their stakes in CBRL. Aigen Investment Management LP purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth approximately $1,050,000. PNC Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 18.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after buying an additional 582 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Cracker Barrel Old Country Store by 68.9% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,655 shares of the restaurant operator’s stock valued at $1,515,000 after buying an additional 8,020 shares during the last quarter. Norges Bank bought a new stake in Cracker Barrel Old Country Store in the 4th quarter worth $10,727,000. Finally, First Eagle Investment Management LLC increased its position in shares of Cracker Barrel Old Country Store by 17.4% in the fourth quarter. First Eagle Investment Management LLC now owns 125,856 shares of the restaurant operator’s stock valued at $9,701,000 after acquiring an additional 18,680 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.6 %

Shares of NASDAQ:CBRL traded down $0.75 during midday trading on Thursday, reaching $45.88. The company’s stock had a trading volume of 331,130 shares, compared to its average volume of 735,275. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $60.92 and a 200-day moving average of $69.48. The firm has a market capitalization of $1.02 billion, a P/E ratio of 12.43, a PEG ratio of 0.93 and a beta of 1.48. Cracker Barrel Old Country Store, Inc. has a 12-month low of $45.83 and a 12-month high of $106.77.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.17 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CBRL shares. CL King lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, May 17th. Citigroup cut their price objective on Cracker Barrel Old Country Store from $61.00 to $48.00 and set a “sell” rating on the stock in a research report on Friday, May 17th. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $68.00 to $60.00 and set a “hold” rating for the company in a report on Monday, May 13th. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday. Finally, UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Cracker Barrel Old Country Store 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.