Duality Advisers LP Buys 33,751 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Duality Advisers LP increased its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 196.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,928 shares of the restaurant operator’s stock after acquiring an additional 33,751 shares during the quarter. Duality Advisers LP owned approximately 0.23% of Cracker Barrel Old Country Store worth $3,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Cracker Barrel Old Country Store by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,622,873 shares of the restaurant operator’s stock valued at $176,257,000 after purchasing an additional 12,128 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cracker Barrel Old Country Store by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,922 shares of the restaurant operator’s stock valued at $55,337,000 after acquiring an additional 25,354 shares in the last quarter. Norges Bank purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $10,727,000. First Eagle Investment Management LLC boosted its holdings in Cracker Barrel Old Country Store by 17.4% in the fourth quarter. First Eagle Investment Management LLC now owns 125,856 shares of the restaurant operator’s stock valued at $9,701,000 after acquiring an additional 18,680 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% in the first quarter. Principal Financial Group Inc. now owns 115,605 shares of the restaurant operator’s stock valued at $8,408,000 after acquiring an additional 381 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Performance

CBRL traded up $1.11 during midday trading on Friday, hitting $42.12. 379,174 shares of the company traded hands, compared to its average volume of 769,453. The company’s 50-day moving average is $46.98 and its 200 day moving average is $62.12. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $935.06 million, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. Cracker Barrel Old Country Store, Inc. has a 52 week low of $38.49 and a 52 week high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million for the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. On average, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Friday, July 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 191.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup dropped their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating for the company in a research report on Friday, May 31st. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Thursday. CL King cut shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Friday, May 17th. Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Finally, Truist Financial reduced their price objective on Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.14.

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.