FORA Capital LLC Sells 2,300 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

FORA Capital LLC reduced its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 16.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,490 shares of the restaurant operator’s stock after selling 2,300 shares during the quarter. FORA Capital LLC owned approximately 0.05% of Cracker Barrel Old Country Store worth $521,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CBRL. Hazlett Burt & Watson Inc. boosted its position in Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 400 shares during the period. CWM LLC lifted its stake in shares of Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock worth $36,000 after buying an additional 419 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at about $45,000. GAMMA Investing LLC grew its stake in Cracker Barrel Old Country Store by 447.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 1,051 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in Cracker Barrel Old Country Store by 375.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,500 shares during the period. 96.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CBRL. Piper Sandler upped their target price on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Loop Capital reduced their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Argus upgraded Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 18th. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $51.25.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $52.76 on Friday. The stock’s 50-day moving average is $46.87 and its 200-day moving average is $44.54. The stock has a market cap of $1.17 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 1-year low of $34.88 and a 1-year high of $83.51. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). The company had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. Cracker Barrel Old Country Store had a net margin of 1.15% and a return on equity of 18.58%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Cracker Barrel Old Country Store’s payout ratio is currently 55.25%.

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.