VIRGINIA RETIREMENT SYSTEMS ET Al Invests $935,000 in Cracker Barrel Old Country Store, Inc. $CBRL

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,300 shares of the restaurant operator’s stock, valued at approximately $935,000.

Several other large investors have also recently modified their holdings of the business. GMT Capital Corp purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $78,750,000. Woodline Partners LP increased its stake in shares of Cracker Barrel Old Country Store by 340.8% in the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock worth $12,919,000 after purchasing an additional 257,301 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Cracker Barrel Old Country Store by 113.5% in the second quarter. Allianz Asset Management GmbH now owns 273,745 shares of the restaurant operator’s stock worth $16,720,000 after purchasing an additional 145,511 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 17.0% in the first quarter. Invesco Ltd. now owns 199,396 shares of the restaurant operator’s stock worth $7,741,000 after purchasing an additional 28,966 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Cracker Barrel Old Country Store in the first quarter worth about $4,795,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBRL. Wells Fargo & Company began coverage on shares of Cracker Barrel Old Country Store in a research note on Friday, October 17th. They issued an “equal weight” rating and a $42.00 target price for the company. Bank of America reduced their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a research note on Thursday, September 18th. UBS Group reaffirmed a “neutral” rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Citigroup reduced their price objective on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Finally, Truist Financial set a $58.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $50.88.

Cracker Barrel Old Country Store Trading Down 0.4%

Shares of Cracker Barrel Old Country Store stock opened at $36.75 on Friday. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $71.93. The firm has a market cap of $818.42 million, a PE ratio of 17.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.21. The company has a 50 day simple moving average of $48.28 and a two-hundred day simple moving average of $53.00.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The business had revenue of $845.09 million during the quarter. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.7%. Cracker Barrel Old Country Store’s payout ratio is presently 48.31%.

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.