NewSquare Capital LLC Has $5.51 Million Stock Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

NewSquare Capital LLC boosted its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,797 shares of the restaurant operator’s stock after buying an additional 3,273 shares during the period. NewSquare Capital LLC’s holdings in Cracker Barrel Old Country Store were worth $5,512,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in Cracker Barrel Old Country Store in the third quarter valued at about $5,105,000. First Eagle Investment Management LLC boosted its stake in shares of Cracker Barrel Old Country Store by 78.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 107,176 shares of the restaurant operator’s stock worth $7,202,000 after acquiring an additional 47,167 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake 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 worth $5,017,000 after acquiring an additional 46,232 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth about $2,935,000. Finally, Earnest Partners LLC boosted its stake in shares of Cracker Barrel Old Country Store by 1.9% during the 3rd quarter. Earnest Partners LLC now owns 1,920,469 shares of the restaurant operator’s stock worth $129,056,000 after acquiring an additional 35,042 shares in the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Trading Up 2.1 %

CBRL traded up $1.24 during mid-day trading on Tuesday, reaching $60.84. The stock had a trading volume of 555,205 shares, compared to its average volume of 668,987. Cracker Barrel Old Country Store, Inc. has a 52 week low of $54.87 and a 52 week high of $116.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The stock has a market capitalization of $1.35 billion, a P/E ratio of 16.22, a P/E/G ratio of 4.16 and a beta of 1.45. The firm’s fifty day simple moving average is $67.23 and its two-hundred day simple moving average is $71.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced 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 during the quarter, compared to analysts’ expectations of $917.83 million. During the same quarter last year, the company earned $1.48 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

Analyst Upgrades and Downgrades

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

Cracker Barrel Old Country Store Company 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.