Verition Fund Management LLC Buys 78,816 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Verition Fund Management LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 96.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,946 shares of the restaurant operator’s stock after acquiring an additional 78,816 shares during the quarter. Verition Fund Management LLC’s holdings in Cracker Barrel Old Country Store were worth $7,299,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $236,000. BNP Paribas Financial Markets raised its stake in Cracker Barrel Old Country Store by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock valued at $1,389,000 after buying an additional 13,040 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after buying an additional 111,892 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $1,287,000. Finally, Intech Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $222,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $55.56 on Monday. 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 fifty-two week low of $34.88 and a fifty-two week high of $83.51. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.58 and a beta of 1.42. The stock has a fifty day moving average price of $47.38 and a 200-day moving average price of $44.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 earnings per share. As a group, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a yield of 1.80%. Cracker Barrel Old Country Store’s dividend payout ratio is currently 55.25%.

Wall Street Analysts Forecast Growth

A number of research firms have commented 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. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Truist Financial increased their price target 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, November 15th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, November 18th. Finally, Bank of America increased their target price on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.25.

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.