Mirae Asset Global Investments Co. Ltd. Has $627,000 Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,538 shares of the restaurant operator’s stock after buying an additional 1,462 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cracker Barrel Old Country Store were worth $627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Texas Permanent School Fund Corp lifted its holdings in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock valued at $1,412,000 after purchasing an additional 274 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock worth $324,000 after buying an additional 306 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after buying an additional 400 shares during the last quarter. CWM LLC boosted its holdings in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares during the period. Finally, nVerses Capital LLC grew its stake in Cracker Barrel Old Country Store by 26.3% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 500 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Loop Capital cut their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Bank of America boosted their price target on Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an “underperform” rating in a research note on Friday, September 20th. Argus lowered Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.57.

Cracker Barrel Old Country Store Stock Performance

CBRL opened at $46.98 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51. The firm has a market cap of $1.04 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.42 and a beta of 1.43. The business’s fifty day moving average is $43.58 and its 200-day moving average is $45.79.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The firm had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 earnings per share. Sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 54.35%.

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.