Virtu Financial LLC Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Virtu Financial LLC acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,079 shares of the restaurant operator’s stock, valued at approximately $469,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CBRL. GAMMA Investing LLC purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth $32,000. Security National Bank purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth $81,000. Quadrant Capital Group LLC raised its position in Cracker Barrel Old Country Store by 106.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,531 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 788 shares during the period. Leavell Investment Management Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth $211,000. Finally, Howe & Rusling Inc. purchased a new position in Cracker Barrel Old Country Store in the 4th quarter worth $221,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 3.8 %

Shares of CBRL opened at $43.26 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $42.88 and a 1-year high of $98.60. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $53.03 and its 200-day moving average price is $66.13. The firm has a market capitalization of $960.37 million, a price-to-earnings ratio of 15.96, a PEG ratio of 0.94 and a beta of 1.46.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 EPS for the quarter, topping the consensus estimate of $0.56 by $0.32. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The business had revenue of $817.14 million for the quarter, compared to analyst estimates of $820.61 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.88 EPS for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Friday, July 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, July 19th. Cracker Barrel Old Country Store’s payout ratio is currently 191.88%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CBRL. Bank of America cut their price target on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, May 16th. Loop Capital cut their price target on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Citigroup cut their price target on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, May 31st. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Finally, Truist Financial cut their price target on shares of Cracker Barrel Old Country Store from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus target price of $62.14.

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.