Landscape Capital Management L.L.C. Invests $1.29 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Landscape Capital Management L.L.C. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,386 shares of the restaurant operator’s stock, valued at approximately $1,287,000. Landscape Capital Management L.L.C. owned approximately 0.13% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store during the second quarter valued at about $25,636,000. AQR Capital Management LLC increased its holdings in shares of Cracker Barrel Old Country Store by 57.1% during the 2nd quarter. AQR Capital Management LLC now owns 62,309 shares of the restaurant operator’s stock valued at $2,624,000 after acquiring an additional 22,658 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $1,016,000. Quadrature Capital Ltd acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter worth approximately $1,389,000. Finally, AXA S.A. bought a new stake in Cracker Barrel Old Country Store during the second quarter worth approximately $651,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 1.6 %

Shares of CBRL opened at $48.41 on Friday. The stock’s 50-day moving average price is $46.03 and its 200 day moving average price is $44.70. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.34 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 12-month low of $34.88 and a 12-month 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 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 EPS. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is 55.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBRL. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Bank of America boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, November 15th. Piper Sandler raised their price target on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Loop Capital dropped their price objective 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. Finally, StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.25.

Cracker Barrel Old Country Store Company 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.