WBI Investments LLC Invests $1.01 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

WBI Investments LLC acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,061 shares of the restaurant operator’s stock, valued at approximately $1,007,000. WBI Investments LLC owned about 0.06% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in Cracker Barrel Old Country Store by 27.2% during the third quarter. Commonwealth Equity Services LLC now owns 11,075 shares of the restaurant operator’s stock worth $744,000 after purchasing an additional 2,367 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cracker Barrel Old Country Store by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,312 shares of the restaurant operator’s stock valued at $827,000 after buying an additional 684 shares during the period. Victory Capital Management Inc. lifted its holdings in Cracker Barrel Old Country Store by 25.1% in the third quarter. Victory Capital Management Inc. now owns 130,110 shares of the restaurant operator’s stock valued at $8,743,000 after acquiring an additional 26,090 shares during the last quarter. Versor Investments LP grew its position in Cracker Barrel Old Country Store by 14.6% in the third quarter. Versor Investments LP now owns 4,973 shares of the restaurant operator’s stock worth $334,000 after acquiring an additional 633 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in Cracker Barrel Old Country Store during the third quarter worth $935,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.6 %

Shares of CBRL stock traded down $0.75 during trading hours on Thursday, reaching $45.88. 331,130 shares of the stock were exchanged, compared to its average volume of 735,275. Cracker Barrel Old Country Store, Inc. has a 12-month low of $45.83 and a 12-month high of $106.77. The business’s fifty day moving average is $60.92 and its two-hundred day moving average is $69.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. The firm has a market capitalization of $1.02 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.93 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.17 EPS for the current fiscal year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. Cracker Barrel Old Country Store’s payout ratio is currently 138.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CBRL shares. Bank of America lowered their price target on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating for the company in a report on Thursday, May 16th. Citigroup dropped their price target on shares of Cracker Barrel Old Country Store from $61.00 to $48.00 and set a “sell” rating for the company in a research report on Friday, May 17th. Piper Sandler lowered their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. UBS Group decreased 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 research note on Wednesday, February 28th. Finally, Loop Capital cut their price objective on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.00.

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.