Aviance Capital Partners LLC Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aviance Capital Partners LLC purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,128 shares of the restaurant operator’s stock, valued at approximately $1,166,000. Aviance Capital Partners LLC owned approximately 0.07% of Cracker Barrel Old Country Store as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Advisors LLC grew its position in shares of Cracker Barrel Old Country Store by 7.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cracker Barrel Old Country Store by 29.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,525 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 1,034 shares during the period. Fifth Third Bancorp increased its stake in Cracker Barrel Old Country Store by 6.1% during the 4th quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock worth $1,477,000 after acquiring an additional 1,098 shares during the period. New York State Common Retirement Fund raised its holdings in Cracker Barrel Old Country Store by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 104,514 shares of the restaurant operator’s stock valued at $8,056,000 after acquiring an additional 463 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Cracker Barrel Old Country Store by 162.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock valued at $5,017,000 after acquiring an additional 46,232 shares during the period. 96.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CBRL shares. Truist Financial dropped their price target on 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. Citigroup boosted their target price on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a research report on Wednesday, February 28th. UBS Group reduced their price target 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, February 28th. Finally, Piper Sandler lowered their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.57.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL traded down $0.67 on Monday, hitting $55.50. The company had a trading volume of 932,475 shares, compared to its average volume of 658,234. Cracker Barrel Old Country Store, Inc. has a 52 week low of $54.66 and a 52 week high of $116.05. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.98 and a beta of 1.48. The firm has a 50 day moving average of $64.49 and a two-hundred day moving average of $70.64.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $917.83 million. During the same quarter last year, the business posted $1.48 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts anticipate 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 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. 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 9.37%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

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.