Handelsbanken Fonder AB Invests $212,000 in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Handelsbanken Fonder AB acquired a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,672 shares of the restaurant operator’s stock, valued at approximately $212,000.

A number of other institutional investors also recently bought and sold shares of CBRL. Hazlett Burt & Watson Inc. grew its holdings in Cracker Barrel Old Country Store by 200.0% during the second 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 period. CWM LLC lifted 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 valued at $36,000 after buying an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at approximately $73,000. GAMMA Investing LLC increased its holdings in Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 1,051 shares in the last quarter. Finally, nVerses Capital LLC raised its stake in Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,500 shares during the period. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRL has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research 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 for the company in a report on Thursday, September 19th. 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 upped their price objective 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. Finally, Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two equities 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, the company presently has an average rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Stock Down 2.3 %

Shares of CBRL opened at $43.51 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The stock has a market capitalization of $966.01 million, a price-to-earnings ratio of 16.06, a price-to-earnings-growth 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 business’s 50 day simple moving average is $41.23 and its 200-day simple moving average is $47.22.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (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 for the quarter, compared to analysts’ expectations of $898.94 million. During the same period in the previous year, the company earned $1.79 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 2.30%. Cracker Barrel Old Country Store’s payout ratio is currently 36.90%.

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.