5,713 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Purchased by TrueMark Investments LLC

TrueMark Investments LLC purchased a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,713 shares of the restaurant operator’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRL. Oppenheimer Asset Management Inc. grew its holdings in Cracker Barrel Old Country Store by 23.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,829 shares of the restaurant operator’s stock worth $537,000 after purchasing an additional 2,661 shares during the period. Capital Investment Counsel Inc grew its holdings in Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock worth $1,104,000 after purchasing an additional 9,875 shares during the period. Principal Financial Group Inc. grew its holdings in Cracker Barrel Old Country Store by 2.9% during the first quarter. Principal Financial Group Inc. now owns 110,895 shares of the restaurant operator’s stock worth $4,305,000 after purchasing an additional 3,075 shares during the period. Aviance Capital Partners LLC grew its holdings in Cracker Barrel Old Country Store by 29.6% during the first quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator’s stock worth $1,299,000 after purchasing an additional 7,638 shares during the period. Finally, Huntleigh Advisors Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $248,000. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 1.7%

NASDAQ CBRL opened at $39.62 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.73. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.85 and a 1-year high of $71.93. The company has a 50 day moving average of $50.16 and a 200-day moving average of $53.22. The company has a market cap of $882.34 million, a price-to-earnings ratio of 19.14 and a beta of 1.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The company had revenue of $845.09 million during the quarter. On average, equities research 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, October 17th. Cracker Barrel Old Country Store’s payout ratio is presently 48.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Cracker Barrel Old Country Store in a report on Friday. They set an “equal weight” rating and a $42.00 price objective for the company. Citigroup reduced their price objective on Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Truist Financial set a $58.00 price objective on Cracker Barrel Old Country Store in a report on Thursday, September 18th. Wall Street Zen cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Finally, Bank of America reduced their price objective on Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $50.88.

About Cracker Barrel Old Country Store

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.