Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 22.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,858 shares of the restaurant operator’s stock after selling 1,983 shares during the quarter. Prudential Financial Inc.’s holdings in Cracker Barrel Old Country Store were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CBRL. Rockefeller Capital Management L.P. boosted its position in shares of Cracker Barrel Old Country Store by 117.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 196 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth $36,000. Accel Wealth Management boosted its position in shares of Cracker Barrel Old Country Store by 172.4% in the 2nd quarter. Accel Wealth Management now owns 316 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 200 shares in the last quarter. Bedel Financial Consulting Inc. boosted its position in shares of Cracker Barrel Old Country Store by 54.3% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 355 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 125 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the 2nd quarter worth $57,000. 89.12% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on CBRL. Bank of America began coverage on Cracker Barrel Old Country Store in a research note on Tuesday, October 26th. They issued a “neutral” rating and a $148.00 target price for the company. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $123.00 target price for the company. in a research note on Friday, September 24th. Truist Securities reduced their target price on Cracker Barrel Old Country Store from $152.00 to $146.00 and set a “hold” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on Cracker Barrel Old Country Store from $195.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, September 22nd. Finally, Loop Capital began coverage on Cracker Barrel Old Country Store in a research note on Wednesday, October 13th. They issued a “hold” rating and a $140.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $150.70.

CBRL stock opened at $132.22 on Thursday. The firm has a market cap of $3.11 billion, a PE ratio of 12.35, a PEG ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.76. The firm’s 50 day moving average price is $139.19 and its 200-day moving average price is $143.67. Cracker Barrel Old Country Store, Inc. has a one year low of $123.74 and a one year high of $178.82.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Monday, November 22nd. The restaurant operator reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.03). The firm had revenue of $784.90 million for the quarter, compared to analysts’ expectations of $768.67 million. Cracker Barrel Old Country Store had a net margin of 9.02% and a return on equity of 19.44%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 8.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Friday, January 14th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, January 13th. Cracker Barrel Old Country Store’s payout ratio is presently 48.55%.

Cracker Barrel Old Country Store announced that its board has approved a stock buyback plan on Tuesday, September 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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