UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,331 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,645 shares of the restaurant operator’s stock after selling 8,331 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cracker Barrel Old Country Store were worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its stake in Cracker Barrel Old Country Store by 200.0% in 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 in the last quarter. CWM LLC increased its position in 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 in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $45,000. 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 worth $80,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $53.41 on Wednesday. The company has a market capitalization of $1.19 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a 50-day simple moving average of $48.98 and a 200 day simple moving average of $44.78.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.79 EPS. On average, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.82 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

Analysts Set New Price Targets

CBRL has been the topic of a number of research reports. Truist Financial upped their target price on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Loop Capital boosted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Finally, UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and a consensus target price of $57.25.

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.