Wedge Capital Management L L P NC Has $2.36 Million Stock Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Wedge Capital Management L L P NC decreased its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 45.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 44,341 shares of the restaurant operator’s stock after selling 37,381 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cracker Barrel Old Country Store were worth $2,363,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Cracker Barrel Old Country Store by 19.5% during the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after purchasing an additional 237,741 shares in the last quarter. Franklin Resources Inc. grew its holdings in Cracker Barrel Old Country Store by 13,737.1% during the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock valued at $40,982,000 after purchasing an additional 923,409 shares during the period. State Street Corp increased its holdings in Cracker Barrel Old Country Store by 1.1% in the 4th quarter. State Street Corp now owns 872,995 shares of the restaurant operator’s stock worth $22,174,000 after acquiring an additional 9,332 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cracker Barrel Old Country Store by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock worth $32,756,000 after purchasing an additional 15,661 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Cracker Barrel Old Country Store during the 2nd quarter valued at $43,930,000. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Piper Sandler reissued a “neutral” rating and set a $51.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $34.00 to $40.00 in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.14.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL opened at $58.40 on Friday. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $63.61. The stock has a market cap of $1.31 billion, a P/E ratio of 50.35 and a beta of 1.20. The business’s 50 day moving average price is $51.00 and its 200-day moving average price is $37.68. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. The firm had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Friday, July 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 86.21%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.