UBS Group AG Increases Position in Cracker Barrel Old Country Store, Inc. $CBRL

UBS Group AG increased its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 50.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,220 shares of the restaurant operator’s stock after acquiring an additional 97,761 shares during the period. UBS Group AG’s holdings in Cracker Barrel Old Country Store were worth $7,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRL. Canada Pension Plan Investment Board purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at about $26,000. State of Wyoming purchased a new position in shares of Cracker Barrel Old Country Store in the third quarter worth about $84,000. CWM LLC lifted its holdings in shares of Cracker Barrel Old Country Store by 85.1% during the fourth quarter. CWM LLC now owns 2,345 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 1,078 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Cracker Barrel Old Country Store by 145.8% during the third quarter. Jones Financial Companies Lllp now owns 2,399 shares of the restaurant operator’s stock worth $109,000 after purchasing an additional 1,423 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analysts Set New Price Targets

CBRL has been the topic of several recent research reports. Freedom Capital raised shares of Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. Wells Fargo & Company lifted their price target on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Finally, Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.75.

Cracker Barrel Old Country Store Stock Down 4.5%

CBRL stock opened at $29.32 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $24.85 and a 12 month high of $71.93. The company has a market cap of $655.30 million, a price-to-earnings ratio of -162.88 and a beta of 1.29. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $29.11 and a two-hundred day moving average of $29.62.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.35. The firm had revenue of $874.82 million for the quarter, compared to analysts’ expectations of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. As a group, analysts forecast that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, April 10th. Cracker Barrel Old Country Store’s dividend payout ratio is currently -555.56%.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.