Capital Investment Counsel Inc Sells 6,862 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Capital Investment Counsel Inc lowered its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 20.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,888 shares of the restaurant operator’s stock after selling 6,862 shares during the period. Capital Investment Counsel Inc’s holdings in Cracker Barrel Old Country Store were worth $1,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in Cracker Barrel Old Country Store during the first quarter valued at about $73,000. Duality Advisers LP boosted its position in Cracker Barrel Old Country Store by 196.5% during the first quarter. Duality Advisers LP now owns 50,928 shares of the restaurant operator’s stock valued at $3,704,000 after buying an additional 33,751 shares during the period. ProShare Advisors LLC boosted its position in Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator’s stock valued at $324,000 after buying an additional 306 shares during the period. Comerica Bank boosted its position in Cracker Barrel Old Country Store by 49.6% during the first quarter. Comerica Bank now owns 12,850 shares of the restaurant operator’s stock valued at $935,000 after buying an additional 4,263 shares during the period. Finally, Capstone Investment Advisors LLC boosted its position in Cracker Barrel Old Country Store by 241.0% during the first quarter. Capstone Investment Advisors LLC now owns 45,259 shares of the restaurant operator’s stock valued at $3,292,000 after buying an additional 31,988 shares during the period. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Down 1.4 %

NASDAQ:CBRL opened at $47.07 on Thursday. The company’s 50 day moving average price is $42.54 and its 200-day moving average price is $46.35. Cracker Barrel Old Country Store, Inc. has a 52 week low of $34.88 and a 52 week high of $83.51. The company has a quick ratio of 0.21, a current ratio of 0.61 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.23 and a beta of 1.43.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted 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). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The firm had revenue of $894.39 million for the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter in the previous year, the company earned $1.79 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, October 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 36.90%.

Analyst Ratings Changes

CBRL has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Argus downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. StockNews.com raised shares of Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Loop Capital decreased their price target on shares of 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. Finally, UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.57.

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.