AlphaCrest Capital Management LLC Grows Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

AlphaCrest Capital Management LLC boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Get Rating) by 85.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,586 shares of the restaurant operator’s stock after acquiring an additional 4,424 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Cracker Barrel Old Country Store were worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRL. American Century Companies Inc. boosted its holdings in Cracker Barrel Old Country Store by 818.2% in the 3rd quarter. American Century Companies Inc. now owns 568,654 shares of the restaurant operator’s stock worth $79,521,000 after acquiring an additional 506,721 shares during the period. William Blair Investment Management LLC raised its position in shares of Cracker Barrel Old Country Store by 49,592.2% in the 3rd quarter. William Blair Investment Management LLC now owns 285,730 shares of the restaurant operator’s stock valued at $39,956,000 after purchasing an additional 285,155 shares in the last quarter. Millennium Management LLC raised its position in shares of Cracker Barrel Old Country Store by 126.2% in the 3rd quarter. Millennium Management LLC now owns 146,614 shares of the restaurant operator’s stock valued at $20,503,000 after purchasing an additional 81,799 shares in the last quarter. Royal Bank of Canada raised its position in shares of Cracker Barrel Old Country Store by 633.4% in the 3rd quarter. Royal Bank of Canada now owns 83,778 shares of the restaurant operator’s stock valued at $11,715,000 after purchasing an additional 72,354 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Cracker Barrel Old Country Store by 18.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 400,451 shares of the restaurant operator’s stock valued at $55,999,000 after purchasing an additional 60,946 shares in the last quarter. Hedge funds and other institutional investors own 81.40% of the company’s stock.

In other news, SVP Laura A. Daily sold 1,700 shares of the stock in a transaction on Monday, March 14th. The stock was sold at an average price of $117.28, for a total value of $199,376.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.95% of the company’s stock.

A number of equities analysts have issued reports on CBRL shares. Loop Capital cut their target price on Cracker Barrel Old Country Store from $132.00 to $113.00 in a research report on Thursday, April 7th. StockNews.com raised Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial upped their price target on Cracker Barrel Old Country Store from $136.00 to $149.00 in a research report on Wednesday, February 23rd. Zacks Investment Research lowered Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating and set a $107.00 price target on the stock. in a research report on Tuesday, April 26th. Finally, Citigroup assumed coverage on Cracker Barrel Old Country Store in a research report on Tuesday, April 12th. They set a “sell” rating and a $97.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Cracker Barrel Old Country Store has an average rating of “Hold” and a consensus price target of $129.75.

Shares of CBRL opened at $108.85 on Friday. The company has a market cap of $2.53 billion, a P/E ratio of 18.29, a PEG ratio of 1.61 and a beta of 1.26. The stock has a fifty day moving average price of $116.35 and a 200 day moving average price of $124.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.64 and a quick ratio of 0.32. Cracker Barrel Old Country Store, Inc. has a 12 month low of $102.53 and a 12 month high of $165.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The restaurant operator reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Cracker Barrel Old Country Store had a return on equity of 25.93% and a net margin of 4.48%. The firm had revenue of $862.26 million during the quarter, compared to the consensus estimate of $866.00 million. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue was up 27.3% on a year-over-year basis. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 6.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 3rd. Stockholders of record on Monday, April 18th were paid a $1.30 dividend. The ex-dividend date was Thursday, April 14th. This represents a $5.20 annualized dividend and a dividend yield of 4.78%. Cracker Barrel Old Country Store’s payout ratio is 87.40%.

Cracker Barrel Old Country Store Company Profile (Get Rating)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services.

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