Olstein Capital Management L.P. Sells 5,346 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Olstein Capital Management L.P. decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,000 shares of the restaurant operator’s stock after selling 5,346 shares during the quarter. Olstein Capital Management L.P. owned about 0.38% of Cracker Barrel Old Country Store worth $6,182,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth approximately $32,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 1st quarter valued at $73,000. Security National Bank bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $81,000. Quadrant Capital Group LLC increased its stake in shares of Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 788 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at $199,000. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBRL. Bank of America lowered their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating for the company in a research note on Thursday, May 16th. Loop Capital lowered their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. CL King lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Friday, May 17th. Truist Financial reduced their price target on shares of 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. Finally, Benchmark raised shares of Cracker Barrel Old Country Store to a “hold” rating in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.14.

Cracker Barrel Old Country Store Stock Down 3.0 %

CBRL traded down $1.22 during mid-day trading on Wednesday, reaching $39.44. 399,134 shares of the stock were exchanged, compared to its average volume of 773,770. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. The stock has a market capitalization of $875.57 million, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.43. The company has a 50 day moving average price of $49.65 and a two-hundred day moving average price of $63.84. Cracker Barrel Old Country Store, Inc. has a 1 year low of $39.40 and a 1 year high of $98.60.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.32. The firm had revenue of $817.14 million for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is 191.88%.

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.