Cracker Barrel Old Country Store, Inc. $CBRL Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 42.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,309 shares of the restaurant operator’s stock after selling 48,400 shares during the quarter. Bessemer Group Inc.’s holdings in Cracker Barrel Old Country Store were worth $1,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its position in Cracker Barrel Old Country Store by 16.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $71,000 after buying an additional 400 shares during the period. Captrust Financial Advisors grew its holdings in Cracker Barrel Old Country Store by 8.4% in the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock valued at $409,000 after buying an additional 519 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock valued at $510,000 after acquiring an additional 546 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Cracker Barrel Old Country Store during the 2nd quarter worth about $37,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

CBRL opened at $53.17 on Thursday. The company has a fifty day simple moving average of $43.30 and a 200 day simple moving average of $34.87. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 45.84 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a twelve month low of $24.85 and a twelve month high of $71.93. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The firm had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. Cracker Barrel Old Country Store’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post -0.83 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 17th. Cracker Barrel Old Country Store’s dividend payout ratio is 86.21%.

Analyst Upgrades and Downgrades

CBRL has been the subject of several research analyst reports. UBS Group upped their price target on shares of Cracker Barrel Old Country Store from $31.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Bank of America lifted their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a report on Monday, June 15th. Piper Sandler restated a “neutral” rating and issued a $51.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday. Freedom Capital upgraded Cracker Barrel Old Country Store to a “strong-buy” rating in a report on Monday, April 6th. Finally, Wells Fargo & Company raised their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average price target of $48.14.

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.