Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 58.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,744 shares of the restaurant operator's stock after selling 13,528 shares during the period. Bridgewater Associates LP's holdings in Cracker Barrel Old Country Store were worth $442,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CBRL. Price T Rowe Associates Inc. MD raised its holdings in shares of Cracker Barrel Old Country Store by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator's stock worth $948,000 after buying an additional 805 shares during the period. Comerica Bank raised its position in Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator's stock valued at $935,000 after purchasing an additional 4,263 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 447.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator's stock worth $54,000 after buying an additional 1,051 shares in the last quarter. CWM LLC increased its stake in shares of Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator's stock valued at $36,000 after buying an additional 419 shares during the period. Finally, SG Americas Securities LLC bought a new position in Cracker Barrel Old Country Store during the 2nd quarter worth about $187,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ CBRL traded down $0.93 during trading on Tuesday, reaching $55.71. 1,117,475 shares of the company traded hands, compared to its average volume of 732,166. The stock has a market cap of $1.24 billion, a P/E ratio of 31.29, a PEG ratio of 1.58 and a beta of 1.45. The firm's fifty day simple moving average is $47.69 and its 200 day simple moving average is $44.41. 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, Inc. has a 12-month low of $34.88 and a 12-month high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (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 analyst estimates 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 revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. As a group, research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed 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 was Friday, October 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Cracker Barrel Old Country Store's payout ratio is 55.25%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several research reports. Loop Capital lowered 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 report on Friday, September 20th. Bank of America increased their target price on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, November 15th. Piper Sandler boosted their price target on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 target price on the stock in a research note on Monday, November 18th. Finally, StockNews.com raised shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and an average target price of $51.25.

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.