17,500 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,500 shares of the restaurant operator’s stock, valued at approximately $921,000.

Several other hedge funds have also added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 17.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,625 shares of the restaurant operator’s stock valued at $138,000 after acquiring an additional 396 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Cracker Barrel Old Country Store by 8.6% in the 3rd quarter. Sterling Capital Management LLC now owns 7,283 shares of the restaurant operator’s stock worth $383,000 after acquiring an additional 575 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at about $1,018,000. WINTON GROUP Ltd bought a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth about $347,000. Finally, Integrated Wealth Concepts LLC bought a new position in Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $91,000. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Trading Down 3.3%

Cracker Barrel Old Country Store stock opened at $67.92 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $24.85 and a 12 month high of $73.67. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 48.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The business’s fifty day simple moving average is $57.72 and its two-hundred day simple moving average is $43.44. The company has a current ratio of 0.58, a quick ratio of 0.24 and a debt-to-equity ratio of 0.71.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.17 by $0.82. The company had revenue of $849.34 million for the quarter, compared to the consensus estimate of $834.57 million. Cracker Barrel Old Country Store had a net margin of 0.95% and a return on equity of 4.01%. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. As a group, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 1.56 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, October 16th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 71.43%.

Insiders Place Their Bets

In other Cracker Barrel Old Country Store news, SVP Donna Roberts sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $52.08, for a total transaction of $182,280.00. Following the transaction, the senior vice president owned 43,702 shares in the company, valued at approximately $2,276,000.16. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $51.00 price objective on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. UBS Group increased their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, September 21st. Citigroup raised their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, September 25th. Bank of America restated an “underperform” rating and set a $48.00 price target on shares of Cracker Barrel Old Country Store in a research report on Thursday, September 24th. Finally, Wells Fargo & Company increased their price objective on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.86.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve homestyle, Southern-inspired food, including breakfast, lunch and dinner offerings, along with beverages and seasonal menu items.

The company’s adjoining retail stores sell a range of merchandise, including home décor, apparel, gifts, toys, food products and other items associated with country living and traditional American culture.