55,695 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,695 shares of the restaurant operator’s stock, valued at approximately $2,526,000. Point72 Asset Management L.P. owned about 0.25% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CBRL. Charles Schwab Investment Management Inc. boosted its position in shares of Cracker Barrel Old Country Store by 11.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock worth $48,752,000 after purchasing an additional 111,892 shares during the last quarter. Marshall Wace LLP bought a new position in Cracker Barrel Old Country Store during the second quarter worth about $25,636,000. Verition Fund Management LLC boosted its holdings in Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after buying an additional 78,816 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Cracker Barrel Old Country Store by 0.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock worth $4,536,000 after buying an additional 321 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at about $4,498,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRL. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Piper Sandler upped their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Truist Financial lifted their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, November 15th. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Loop Capital increased their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.25.

Cracker Barrel Old Country Store Stock Down 1.7 %

Shares of Cracker Barrel Old Country Store stock opened at $49.35 on Tuesday. The firm has a market cap of $1.10 billion, a PE ratio of 27.27, a P/E/G ratio of 2.07 and a beta of 1.45. The business’s 50 day simple moving average is $48.42 and its 200 day simple moving average is $44.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted 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 business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.61%. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.81 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 2.03%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 55.25%.

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.