Public Employees Retirement System of Ohio Raises Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Public Employees Retirement System of Ohio lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 22.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,349 shares of the restaurant operator’s stock after acquiring an additional 247 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cracker Barrel Old Country Store were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRL. Point72 Asset Management L.P. acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $2,526,000. Charles Schwab Investment Management Inc. increased its position in shares of Cracker Barrel Old Country Store by 11.6% in 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 during the period. PDT Partners LLC raised its stake in Cracker Barrel Old Country Store by 199.3% in the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator’s stock worth $1,357,000 after acquiring an additional 19,925 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Cracker Barrel Old Country Store by 74.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,636 shares of the restaurant operator’s stock worth $1,389,000 after acquiring an additional 13,040 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at about $1,016,000. 96.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Loop Capital lifted their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Piper Sandler upped their price objective on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Truist Financial increased their price objective on shares of 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. Bank of America upped their price target on shares of Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Finally, Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, November 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.25.

Cracker Barrel Old Country Store Price Performance

Shares of Cracker Barrel Old Country Store stock opened at $53.40 on Monday. The firm has a market cap of $1.19 billion, a PE ratio of 29.50, a P/E/G ratio of 2.15 and a beta of 1.45. 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 quick ratio of 0.24, a current ratio of 0.69 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $49.71 and a 200 day moving average price of $44.89.

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 return on equity of 18.61% and a net margin of 1.15%. The business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. During the same period in the previous year, the company earned $1.79 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.82 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

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

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.