Charles Schwab Investment Management Inc. Grows Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Charles Schwab Investment Management Inc. grew its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,075,016 shares of the restaurant operator's stock after buying an additional 111,892 shares during the period. Charles Schwab Investment Management Inc. owned 4.84% of Cracker Barrel Old Country Store worth $48,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. raised its position 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 worth $25,000 after acquiring an additional 400 shares in the last quarter. CWM LLC lifted its stake in Cracker Barrel Old Country Store by 96.3% in 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. Future Financial Wealth Managment LLC bought a new position in shares of Cracker Barrel Old Country Store during the 3rd quarter worth approximately $45,000. 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 during the period. Finally, nVerses Capital LLC lifted its position in shares of Cracker Barrel Old Country Store by 375.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator's stock valued at $80,000 after acquiring an additional 1,500 shares during the period. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL traded up $2.80 during trading hours on Friday, reaching $55.56. The stock had a trading volume of 781,875 shares, compared to its average volume of 632,596. The stock has a market cap of $1.23 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.42. The stock has a 50 day simple moving average of $47.38 and a 200 day simple moving average of $44.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. 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 issued its earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% and a net margin of 1.15%. The business had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same quarter in the prior year, the business earned $1.79 EPS. Cracker Barrel Old Country Store's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.96 EPS for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store's payout ratio is presently 55.25%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America boosted 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. Truist Financial boosted their price objective on Cracker Barrel Old Country Store from $44.00 to $48.00 and gave the company a "hold" rating in a report on Friday, November 15th. Piper Sandler lifted their price target on shares of Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a "neutral" rating in a research report on Monday, November 18th. Argus upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Monday, November 18th. Finally, Loop Capital reduced their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating for the company in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.25.

Cracker Barrel Old Country Store 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.