Wedge Capital Management L L P NC Buys 4,292 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Wedge Capital Management L L P NC raised its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 15.8% during the 3rd quarter, Holdings Channel reports. The fund owned 31,461 shares of the restaurant operator’s stock after purchasing an additional 4,292 shares during the period. Wedge Capital Management L L P NC’s holdings in Cracker Barrel Old Country Store were worth $1,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Texas Permanent School Fund Corp boosted its position in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after acquiring an additional 274 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Cracker Barrel Old Country Store by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after purchasing an additional 306 shares in the last quarter. Principal Financial Group Inc. grew its stake in Cracker Barrel Old Country Store by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock worth $8,408,000 after buying an additional 381 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Finally, CWM LLC grew its stake in 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 buying an additional 419 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBRL shares. UBS Group dropped their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Loop Capital dropped their target price on 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. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Argus cut Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $47.71 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.23 and a beta of 1.43. The stock has a 50-day moving average of $41.50 and a two-hundred day moving average of $47.04. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data 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 company 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 1.18% and a return on equity of 18.65%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 36.90%.

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.