Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc raised its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 53.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,442 shares of the restaurant operator’s stock after acquiring an additional 9,875 shares during the quarter. Capital Investment Counsel Inc owned approximately 0.13% of Cracker Barrel Old Country Store worth $1,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cracker Barrel Old Country Store by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,613,358 shares of the restaurant operator’s stock valued at $138,142,000 after buying an additional 13,305 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,456 shares of the restaurant operator’s stock valued at $62,452,000 after purchasing an additional 106,440 shares during the last quarter. Marshall Wace LLP raised its stake in Cracker Barrel Old Country Store by 151.9% in the fourth quarter. Marshall Wace LLP now owns 767,006 shares of the restaurant operator’s stock valued at $40,544,000 after buying an additional 462,542 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Cracker Barrel Old Country Store by 2.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 648,342 shares of the restaurant operator’s stock worth $34,271,000 after purchasing an additional 16,333 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator’s stock valued at $18,584,000 after purchasing an additional 50,905 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 53,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $44.60 per share, with a total value of $2,363,800.00. Following the purchase, the insider directly owned 2,833,700 shares of the company’s stock, valued at $126,383,020. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 385,307 shares of company stock valued at $15,679,910 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CBRL. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, June 6th. Truist Financial raised their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Loop Capital lifted their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, June 6th. Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, March 10th. Finally, Citigroup reiterated a “sell” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $53.86.

Cracker Barrel Old Country Store Stock Up 5.2%

CBRL stock opened at $67.93 on Thursday. The stock has a market capitalization of $1.51 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 6.02 and a beta of 1.45. The company has a fifty day moving average of $54.43 and a 200-day moving average of $50.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. Cracker Barrel Old Country Store, Inc. has a one year low of $33.86 and a one year high of $68.09.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The firm had revenue of $821.10 million during the quarter, compared to the consensus estimate of $824.65 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. Cracker Barrel Old Country Store’s payout ratio is currently 38.76%.

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.