Capital Investment Counsel Inc Has $1.22 Million Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capital Investment Counsel Inc cut its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,888 shares of the restaurant operator’s stock after selling 6,862 shares during the period. Capital Investment Counsel Inc owned about 0.12% of Cracker Barrel Old Country Store worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,616,012 shares of the restaurant operator’s stock worth $190,263,000 after buying an additional 6,804 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Cracker Barrel Old Country Store by 0.4% during the first quarter. Earnest Partners LLC now owns 2,036,391 shares of the restaurant operator’s stock worth $148,107,000 after buying an additional 7,587 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Cracker Barrel Old Country Store during the second quarter worth $25,636,000. Principal Financial Group Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 0.3% during the first 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 in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Cracker Barrel Old Country Store by 47.2% in the first quarter. Advisors Asset Management Inc. now owns 89,220 shares of the restaurant operator’s stock valued at $6,489,000 after purchasing an additional 28,627 shares during the period. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $47.07 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.23 and a beta of 1.43. 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 52-week low of $34.88 and a 52-week high of $83.51. The business has a 50-day simple moving average of $42.54 and a two-hundred day simple moving average of $46.35.

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 company had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. During the same quarter last year, the firm posted $1.79 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. Cracker Barrel Old Country Store’s payout ratio is presently 36.90%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBRL. Bank of America increased their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, September 20th. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a report on Friday, September 20th. Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group decreased their price target on 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. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company presently has an average 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.