Axa S.A. Invests $651,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Axa S.A. acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, HoldingsChannel.com reports. The fund acquired 15,448 shares of the restaurant operator’s stock, valued at approximately $651,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 200.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. CWM LLC boosted its position in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 419 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Cracker Barrel Old Country Store by 447.2% during the 2nd 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 period. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $73,000. Finally, nVerses Capital LLC lifted its stake in shares of Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Up 3.4 %

Shares of NASDAQ CBRL opened at $46.87 on Wednesday. The firm’s 50 day moving average price is $40.93 and its 200 day moving average price is $48.83. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The firm has a market cap of $1.04 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 1 year low of $34.88 and a 1 year high of $83.51.

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 analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the prior year, the firm earned $1.79 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.1 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be given a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.13%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 36.90%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CBRL. Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Bank of America lifted their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a research note on Friday, September 20th. Loop Capital lowered their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Finally, UBS Group cut their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.57.

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.