Verity Asset Management Inc. Raises Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Verity Asset Management Inc. raised its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 138.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,258 shares of the restaurant operator’s stock after purchasing an additional 7,109 shares during the quarter. Verity Asset Management Inc.’s holdings in Cracker Barrel Old Country Store were worth $556,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. ProShare Advisors LLC boosted its holdings in Cracker Barrel Old Country Store by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 306 shares during the period. Comerica Bank lifted its holdings in Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock worth $935,000 after buying an additional 4,263 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Cracker Barrel Old Country Store by 37.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,791 shares of the restaurant operator’s stock valued at $1,294,000 after buying an additional 4,880 shares during the period. XTX Topco Ltd acquired a new position in shares of Cracker Barrel Old Country Store in the second quarter worth $616,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $1,016,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 3.0 %

Shares of NASDAQ:CBRL opened at $49.32 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.31 and a beta of 1.42. 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 firm’s 50-day simple moving average is $44.20 and its 200-day simple moving average is $45.53. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its 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). Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The business had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same period last year, the company posted $1.79 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 54.35%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CBRL shares. Truist Financial increased their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group decreased their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and a consensus target price of $53.57.

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.