Versor Investments LP Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Versor Investments LP bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,600 shares of the restaurant operator’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ProShare Advisors LLC lifted its position in Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after acquiring an additional 306 shares during the last quarter. Comerica Bank boosted its stake in Cracker Barrel Old Country Store by 49.6% in the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after purchasing an additional 4,263 shares during the period. International Assets Investment Management LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at $1,016,000. XTX Topco Ltd acquired a new position in Cracker Barrel Old Country Store in the 2nd quarter valued at $616,000. Finally, CWM LLC increased its position in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares during the period. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Cracker Barrel Old Country Store stock opened at $48.81 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. The stock has a market capitalization of $1.08 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The stock has a fifty day moving average of $45.15 and a 200-day moving average of $44.88.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. On average, sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Cracker Barrel Old Country Store’s payout ratio is presently 54.35%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CBRL. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday. Bank of America raised 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 report on Friday. UBS Group cut their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Finally, Argus downgraded Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.57.

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.