Cracker Barrel Old Country Store, Inc. $CBRL Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 7.5% in the second quarter, HoldingsChannel.com reports. The firm owned 32,283 shares of the restaurant operator’s stock after acquiring an additional 2,243 shares during the period. New York State Teachers Retirement System’s holdings in Cracker Barrel Old Country Store were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in Cracker Barrel Old Country Store in the first quarter worth $25,000. Brooklyn Investment Group acquired a new position in Cracker Barrel Old Country Store in the first quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Cracker Barrel Old Country Store in the first quarter worth $45,000. Russell Investments Group Ltd. boosted its holdings in Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 922 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store in the first quarter worth $48,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $37.32 on Wednesday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $71.93. The firm’s 50-day simple moving average is $49.30 and its 200 day simple moving average is $53.11. The company has a quick ratio of 0.21, a current ratio of 0.50 and a debt-to-equity ratio of 0.73. The stock has a market cap of $831.08 million, a P/E ratio of 18.03 and a beta of 1.32.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data 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 business had revenue of $845.09 million for the quarter. Equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be given a $0.25 dividend. 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 48.31%.

Analyst Upgrades and Downgrades

CBRL has been the subject of several analyst reports. Bank of America reduced their price target on shares of 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. Truist Financial set a $58.00 price target on shares of Cracker Barrel Old Country Store in a report on Thursday, September 18th. Piper Sandler reduced their price target on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Citigroup reduced their price target on shares of 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. Finally, Wells Fargo & Company initiated coverage on shares of Cracker Barrel Old Country Store in a report on Friday. They set an “equal weight” rating and a $42.00 price target for the company. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $50.88.

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.