Citigroup Inc. decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 97.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,750 shares of the restaurant operator’s stock after selling 405,003 shares during the period. Citigroup Inc. owned 0.05% of Cracker Barrel Old Country Store worth $790,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRL. Compass Wealth Management LLC acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $28,000. Itau Unibanco Holding S.A. acquired a new position in Cracker Barrel Old Country Store in the second quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its position in Cracker Barrel Old Country Store by 104.9% in the first quarter. Geneos Wealth Management Inc. now owns 498 shares of the restaurant operator’s stock worth $59,000 after buying an additional 255 shares during the last quarter. State of Wyoming acquired a new position in Cracker Barrel Old Country Store in the fourth quarter worth approximately $54,000. Finally, Newbridge Financial Services Group Inc. grew its position in Cracker Barrel Old Country Store by 91.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 575 shares of the restaurant operator’s stock worth $39,000 after buying an additional 275 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.
Wall Street Analyst Weigh In
CBRL has been the topic of several recent research reports. Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $75.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday. Piper Sandler lowered their price objective on shares of Cracker Barrel Old Country Store from $96.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, December 4th. UBS Group lowered their price objective on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Citigroup lifted their price objective on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and an average target price of $83.88.
View Our Latest Analysis on Cracker Barrel Old Country Store
Cracker Barrel Old Country Store Trading Up 0.3 %
Shares of NASDAQ:CBRL opened at $66.31 on Friday. The stock has a market capitalization of $1.47 billion, a PE ratio of 17.61, a P/E/G ratio of 4.44 and a beta of 1.49. Cracker Barrel Old Country Store, Inc. has a 1 year low of $62.69 and a 1 year high of $121.17. The firm has a fifty day moving average price of $75.32 and a 200 day moving average price of $73.78. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.98.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $917.83 million. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 4.64 EPS for the current fiscal year.
Cracker Barrel Old Country Store Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.
Cracker Barrel Old Country Store Company 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.
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