New York State Teachers Retirement System Raises Stake in Cracker Barrel Old Country Store, Inc. $CBRL

New York State Teachers Retirement System lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,283 shares of the restaurant operator’s stock after buying an additional 2,243 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Cracker Barrel Old Country Store worth $1,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 23.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator’s stock worth $537,000 after acquiring an additional 2,661 shares during the period. Capital Investment Counsel Inc lifted its holdings in shares of Cracker Barrel Old Country Store by 53.2% during the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock worth $1,104,000 after acquiring an additional 9,875 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator’s stock worth $4,305,000 after acquiring an additional 3,075 shares during the period. Aviance Capital Partners LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 29.6% during the 1st quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator’s stock worth $1,299,000 after acquiring an additional 7,638 shares during the period. Finally, Huntleigh Advisors Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth about $248,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Stock Up 1.9%

CBRL stock opened at $37.32 on Wednesday. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.85 and a twelve month high of $71.93. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $831.08 million, a P/E ratio of 18.03 and a beta of 1.32. The firm has a 50 day simple moving average of $49.30 and a 200-day simple moving average of $53.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The business had revenue of $845.09 million during the quarter. On average, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 48.31%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBRL shares. Wall Street Zen lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. UBS Group restated a “neutral” rating and issued a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Argus cut their price target on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Citigroup cut their price target on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating on the stock in a report on Thursday, September 18th. Finally, Truist Financial set a $58.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Reduce” and a consensus target price of $50.88.

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.