Point72 Asset Management L.P. Invests $2.53 Million in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Point72 Asset Management L.P. acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,695 shares of the restaurant operator's stock, valued at approximately $2,526,000. Point72 Asset Management L.P. owned approximately 0.25% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CBRL. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth approximately $79,000. Maverick Capital Ltd. acquired a new stake in Cracker Barrel Old Country Store during the 3rd quarter valued at $4,498,000. PDT Partners LLC raised its position in Cracker Barrel Old Country Store by 199.3% in the 3rd quarter. PDT Partners LLC now owns 29,925 shares of the restaurant operator's stock valued at $1,357,000 after purchasing an additional 19,925 shares during the last quarter. Verition Fund Management LLC boosted its stake in Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator's stock worth $7,299,000 after purchasing an additional 78,816 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Cracker Barrel Old Country Store during the third quarter worth $236,000. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Trading Up 4.0 %

CBRL traded up $1.96 during mid-day trading on Tuesday, hitting $51.31. The stock had a trading volume of 349,335 shares, compared to its average volume of 738,038. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.07 and a beta of 1.45. 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 debt-to-equity ratio of 1.20, a current ratio of 0.69 and a quick ratio of 0.24. The stock's fifty day simple moving average is $48.42 and its 200-day simple moving average is $44.58.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.19). The company 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 18.61% and a net margin of 1.15%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.79 earnings per share. As a group, research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.81 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. Cracker Barrel Old Country Store's dividend payout ratio is currently 55.25%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the stock a "hold" rating in a research report on Friday, November 15th. Argus raised shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a research note on Monday, November 18th. Loop Capital boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. StockNews.com cut Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Bank of America upped their price target on Cracker Barrel Old Country Store from $45.00 to $53.00 and gave the company an "underperform" rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and an average price target of $57.25.

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.