Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Purchased by Ellerson Group Inc. ADV

Ellerson Group Inc. ADV increased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,412 shares of the restaurant operator’s stock after acquiring an additional 1,600 shares during the quarter. Cracker Barrel Old Country Store makes up about 2.4% of Ellerson Group Inc. ADV’s portfolio, making the stock its 20th biggest holding. Ellerson Group Inc. ADV’s holdings in Cracker Barrel Old Country Store were worth $2,730,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of CBRL. GAMMA Investing LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $32,000. Leavell Investment Management Inc. acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth $211,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter worth about $216,000. Howe & Rusling Inc. purchased a new stake in shares of Cracker Barrel Old Country Store in the 4th quarter valued at approximately $221,000. Finally, Advisor Partners II LLC acquired a new position in Cracker Barrel Old Country Store during the third quarter worth $242,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.8 %

Cracker Barrel Old Country Store stock traded down $1.01 during trading on Friday, reaching $56.17. 623,374 shares of the company’s stock were exchanged, compared to its average volume of 814,381. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. Cracker Barrel Old Country Store, Inc. has a 52-week low of $54.87 and a 52-week high of $116.05. The company’s 50-day moving average is $64.83 and its two-hundred day moving average is $70.76. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 4.05 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same quarter last year, the firm earned $1.48 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 12th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a yield of 9.26%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 138.67%.

Analyst Ratings Changes

Several research firms have commented on CBRL. UBS Group dropped their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Piper Sandler cut their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Citigroup boosted their target price on Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. Finally, Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $76.57.

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.