BNP Paribas Financial Markets Has $1.39 Million Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

BNP Paribas Financial Markets lifted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 74.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,636 shares of the restaurant operator's stock after acquiring an additional 13,040 shares during the period. BNP Paribas Financial Markets owned 0.14% of Cracker Barrel Old Country Store worth $1,389,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. grew its position in 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 purchasing an additional 400 shares during the last quarter. CWM LLC raised its stake 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 acquiring an additional 419 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cracker Barrel Old Country Store during the 3rd quarter worth $45,000. nVerses Capital LLC boosted its position in 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 worth $80,000 after acquiring an additional 1,500 shares during the period. Finally, Larson Financial Group LLC bought a new position in shares of Cracker Barrel Old Country Store in the second quarter worth $88,000. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Trading Down 1.7 %

Shares of NASDAQ:CBRL traded down $0.86 during midday trading on Monday, reaching $49.35. The company had a trading volume of 958,984 shares, compared to its average volume of 739,821. The company has a fifty day simple moving average of $48.34 and a two-hundred day simple moving average of $44.56. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 27.74, 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.

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). Cracker Barrel Old Country Store had a return on equity of 18.61% and a net margin of 1.15%. The firm had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same quarter in the previous year, the business earned $1.79 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.81 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 17th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Cracker Barrel Old Country Store's payout ratio is currently 55.25%.

Analyst Ratings Changes

CBRL has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of Cracker Barrel Old Country Store from $46.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday. Truist Financial raised their price objective on shares of 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. Loop Capital upped their target price on Cracker Barrel Old Country Store from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Thursday. UBS Group lifted their price target on Cracker Barrel Old Country Store from $42.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, StockNews.com downgraded Cracker Barrel Old Country Store from a "hold" rating to a "sell" rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $57.25.

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.