Aviance Capital Partners LLC Invests $1.17 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Aviance Capital Partners LLC acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,128 shares of the restaurant operator’s stock, valued at approximately $1,166,000.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its position in Cracker Barrel Old Country Store by 0.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock valued at $1,196,000 after acquiring an additional 134 shares in the last quarter. HighTower Advisors LLC boosted its position in Cracker Barrel Old Country Store by 4.4% during the third quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock valued at $394,000 after purchasing an additional 251 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in Cracker Barrel Old Country Store by 7.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after purchasing an additional 253 shares during the last quarter. Synovus Financial Corp grew its stake in Cracker Barrel Old Country Store by 3.7% in the third quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Cracker Barrel Old Country Store by 0.9% in the third quarter. Swiss National Bank now owns 43,850 shares of the restaurant operator’s stock worth $2,947,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, February 28th. UBS Group lowered their target price on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Piper Sandler reduced their price target on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Finally, Truist Financial decreased their price objective on Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $76.57.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL traded down $0.67 during midday trading on Monday, reaching $55.50. The company had a trading volume of 932,475 shares, compared to its average volume of 658,234. Cracker Barrel Old Country Store, Inc. has a 1 year low of $54.66 and a 1 year high of $116.05. The business’s 50-day simple moving average is $64.49 and its 200 day simple moving average is $70.64. The company has a current ratio of 0.58, a quick ratio of 0.21 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.23 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.98 and a beta of 1.48.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. On average, analysts forecast that Cracker Barrel Old Country Store, Inc. will post 4.61 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 12th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date of this dividend is Thursday, April 11th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 138.67%.

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.