Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Bought by South Dakota Investment Council

South Dakota Investment Council increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 64.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,400 shares of the restaurant operator’s stock after buying an additional 2,900 shares during the period. South Dakota Investment Council’s holdings in Cracker Barrel Old Country Store were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Fidelis Capital Partners LLC grew its holdings in shares of Cracker Barrel Old Country Store by 0.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after acquiring an additional 134 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Cracker Barrel Old Country Store by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock worth $394,000 after acquiring an additional 251 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after acquiring an additional 253 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 91.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 275 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Cracker Barrel Old Country Store by 3.7% during the third quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock valued at $560,000 after buying an additional 300 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRL has been the topic of a number of research analyst reports. Citigroup lifted their price target on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Truist Financial lowered their price target on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Piper Sandler lowered their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Finally, UBS Group lowered their price target on Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.57.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $60.69 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 4.33 and a beta of 1.45. Cracker Barrel Old Country Store, Inc. has a 1 year low of $54.87 and a 1 year high of $116.05. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $66.71 and a 200 day moving average price of $71.26.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.57%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 138.67%.

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.