Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,911 shares of the restaurant operator’s stock after acquiring an additional 599 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Cracker Barrel Old Country Store worth $995,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 7.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $2,935,000. Asset Management One Co. Ltd. purchased a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $1,001,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $355,000. Finally, Leavell Investment Management Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth approximately $211,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL stock opened at $60.84 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.58 and a quick ratio of 0.21. The company has a market capitalization of $1.35 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 4.16 and a beta of 1.45. The firm’s 50-day moving average is $67.23 and its two-hundred day moving average is $71.37. Cracker Barrel Old Country Store, Inc. has a 12 month low of $54.87 and a 12 month high of $116.05.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. Analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store’s payout ratio is 138.67%.

Analyst Ratings Changes

A number of research analysts have weighed in on CBRL shares. Piper Sandler decreased their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Citigroup upped their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. Finally, Truist Financial cut their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.57.

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.