Royal Bank of Canada grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) by 55.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,397 shares of the restaurant operator’s stock after buying an additional 54,431 shares during the quarter. Royal Bank of Canada owned 0.69% of Cracker Barrel Old Country Store worth $4,312,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 321 shares in the last quarter. Captrust Financial Advisors lifted its position in Cracker Barrel Old Country Store by 8.4% in the second quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock valued at $409,000 after purchasing an additional 519 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cracker Barrel Old Country Store by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock valued at $510,000 after purchasing an additional 546 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $37,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth approximately $26,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
Cracker Barrel Old Country Store Price Performance
Shares of NASDAQ:CBRL opened at $58.40 on Friday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 50.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. The business’s 50 day simple moving average is $51.00 and its 200-day simple moving average is $37.68. Cracker Barrel Old Country Store, Inc. has a 12 month low of $24.85 and a 12 month high of $63.61.
Cracker Barrel Old Country Store Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Friday, July 17th were given a $0.25 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Cracker Barrel Old Country Store’s payout ratio is currently 86.21%.
Analysts Set New Price Targets
Several research firms have recently commented on CBRL. Wells Fargo & Company raised their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Wall Street Zen raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Argus boosted their target price on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Citigroup upped their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.14.
View Our Latest Stock Report on CBRL
About Cracker Barrel Old Country Store
Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.
The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.
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