Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 2.3% during the third quarter, HoldingsChannel.com reports. The firm owned 37,642 shares of the restaurant operator’s stock after selling 888 shares during the quarter. Stifel Financial Corp’s holdings in Cracker Barrel Old Country Store were worth $1,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after acquiring an additional 111,892 shares in the last quarter. Marshall Wace LLP purchased a new position in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $25,636,000. Verition Fund Management LLC raised its stake in shares of Cracker Barrel Old Country Store by 96.0% during the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock valued at $7,299,000 after purchasing an additional 78,816 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after purchasing an additional 321 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter worth $4,498,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

CBRL has been the topic of several recent analyst reports. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, November 18th. Bank of America raised their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a report on Friday, November 15th. UBS Group boosted their target price on shares of Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Loop Capital boosted their price objective on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Cracker Barrel Old Country Store currently has an average rating of “Hold” and a consensus price target of $57.25.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL opened at $53.40 on Friday. Cracker Barrel Old Country Store, Inc. has a 12 month low of $34.88 and a 12 month high of $83.51. The company has a market cap of $1.19 billion, a P/E ratio of 29.50, a PEG ratio of 2.15 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The stock has a fifty day moving average price of $49.54 and a 200 day moving average price of $44.92.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results 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 business 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 18.61% and a net margin of 1.15%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 EPS. On average, research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.82 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, January 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) 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.