Principal Financial Group Inc. Has $4.75 Million Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Principal Financial Group Inc. decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 104,832 shares of the restaurant operator’s stock after selling 4,854 shares during the quarter. Principal Financial Group Inc.’s holdings in Cracker Barrel Old Country Store were worth $4,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its position in shares of Cracker Barrel Old Country Store by 365.0% during the 3rd quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 2,548 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Cracker Barrel Old Country Store by 12.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the restaurant operator’s stock worth $627,000 after buying an additional 1,462 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Cracker Barrel Old Country Store during the third quarter worth approximately $1,016,000. Everence Capital Management Inc. bought a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $306,000. Finally, nVerses Capital LLC lifted its position in shares of Cracker Barrel Old Country Store by 26.3% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $47.64 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of 26.32, a PEG ratio of 1.34 and a beta of 1.42. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $46.03 and a two-hundred day simple moving average of $44.70. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.19). The business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBRL. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Piper Sandler increased their price target on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday. Argus upgraded shares of 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 report on Monday. Truist Financial lifted their price target on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, Loop Capital dropped their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.25.

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.