Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Stake Boosted by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 14.0% in the 1st quarter, Holdings Channel reports. The firm owned 17,251 shares of the restaurant operator’s stock after purchasing an additional 2,123 shares during the quarter. Aviance Capital Partners LLC’s holdings in Cracker Barrel Old Country Store were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC raised its stake in Cracker Barrel Old Country Store by 0.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock valued at $1,196,000 after acquiring an additional 134 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Cracker Barrel Old Country Store by 4.4% during the third quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock valued at $394,000 after purchasing an additional 251 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of Cracker Barrel Old Country Store by 7.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 253 shares in the last quarter. Synovus Financial Corp lifted its holdings in Cracker Barrel Old Country Store by 3.7% in the third quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares during the period. Finally, GAMMA Investing LLC bought a new position in Cracker Barrel Old Country Store in the 4th quarter valued at about $32,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CBRL shares. Truist Financial dropped their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. CL King cut Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Friday, May 17th. Citigroup dropped their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Friday, May 31st. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Finally, Piper Sandler dropped their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has an average rating of “Hold” and an average target price of $62.14.

Cracker Barrel Old Country Store Trading Down 3.2 %

Shares of NASDAQ CBRL opened at $40.80 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. Cracker Barrel Old Country Store, Inc. has a 12 month low of $40.11 and a 12 month high of $98.60. The company has a market cap of $905.76 million, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.90 and a beta of 1.43. The business has a fifty day simple moving average of $50.06 and a 200-day simple moving average of $64.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. The company had revenue of $817.14 million during the quarter, compared to analyst estimates of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, July 19th. Cracker Barrel Old Country Store’s payout ratio is 191.88%.

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.