Bridgewater Associates LP Has $442,000 Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Bridgewater Associates LP lessened its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 58.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,744 shares of the restaurant operator’s stock after selling 13,528 shares during the period. Bridgewater Associates LP’s holdings in Cracker Barrel Old Country Store were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CBRL. Hazlett Burt & Watson Inc. grew its stake in shares of Cracker Barrel Old Country Store by 200.0% during the second 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 during the last quarter. CWM LLC increased its stake 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 buying an additional 419 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $45,000. GAMMA Investing LLC lifted its stake in shares of Cracker Barrel Old Country Store by 447.2% during the second 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 period. Finally, nVerses Capital LLC boosted its holdings in Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,500 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on CBRL shares. Loop Capital cut their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. StockNews.com upgraded shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a report on Friday, September 20th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Bank of America increased their price target on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, November 15th. Finally, Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.25.

Cracker Barrel Old Country Store Trading Up 1.9 %

NASDAQ:CBRL opened at $56.64 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The business’s 50-day simple moving average is $47.38 and its 200-day simple moving average is $44.41. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $34.88 and a fifty-two week high of $83.51. The stock has a market capitalization of $1.26 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.58 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly 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). The company had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 EPS. Sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Friday, October 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. Cracker Barrel Old Country Store’s payout ratio is presently 55.25%.

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.