Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 150.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,988 shares of the restaurant operator’s stock after purchasing an additional 10,204 shares during the period. Federated Hermes Inc. owned about 0.08% of Cracker Barrel Old Country Store worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its position in Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC increased its holdings in shares of Cracker Barrel Old Country Store by 96.3% in the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at about $73,000. Security National Bank purchased a new position in shares of Cracker Barrel Old Country Store in the 4th quarter valued at about $81,000. Finally, GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 1,051 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CBRL. StockNews.com upgraded Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday. Citigroup dropped their price objective on 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. Bank of America increased their price objective on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a report on Friday. Finally, Benchmark upgraded Cracker Barrel Old Country Store to a “hold” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Trading Up 1.1 %

Shares of CBRL stock opened at $41.57 on Monday. The business’s 50 day moving average is $40.93 and its two-hundred day moving average is $49.84. Cracker Barrel Old Country Store, Inc. has a twelve month low of $34.88 and a twelve month high of $83.51. The company has a market capitalization of $922.94 million, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 1.11.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. The company had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter last year, the business posted $1.79 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post 3.83 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 36.90%.

Cracker Barrel Old Country Store Profile

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.