Landscape Capital Management L.L.C. Invests $1.29 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Landscape Capital Management L.L.C. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,386 shares of the restaurant operator’s stock, valued at approximately $1,287,000.

Other large investors have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 200.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. CWM LLC lifted its holdings in Cracker Barrel Old Country Store by 96.3% during the 2nd quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing 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 third quarter valued at about $45,000. GAMMA Investing LLC boosted its position in Cracker Barrel Old Country Store by 447.2% in the second 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 in the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of Cracker Barrel Old Country Store by 375.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock worth $80,000 after buying an additional 1,500 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Cracker Barrel Old Country Store Stock Up 1.6 %

Shares of NASDAQ:CBRL opened at $48.41 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.34 and a beta of 1.42. The company has a 50 day moving average of $46.03 and a 200-day moving average of $44.70. Cracker Barrel Old Country Store, Inc. has a one year low of $34.88 and a one year high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its 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 business had revenue of $894.39 million for the quarter, compared to analyst estimates of $898.94 million. Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. Cracker Barrel Old Country Store’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 EPS. On average, sell-side analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 55.25%.

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.