Victory Capital Management Inc. Decreases Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Victory Capital Management Inc. cut its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 35.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,053 shares of the restaurant operator's stock after selling 47,040 shares during the period. Victory Capital Management Inc. owned approximately 0.39% of Cracker Barrel Old Country Store worth $3,948,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Cracker Barrel Old Country Store during the third quarter valued at approximately $209,000. Verity Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 138.1% in the 3rd quarter. Verity Asset Management Inc. now owns 12,258 shares of the restaurant operator's stock valued at $556,000 after acquiring an additional 7,109 shares during the last quarter. US Bancorp DE increased its stake in Cracker Barrel Old Country Store by 365.0% in the third quarter. US Bancorp DE now owns 3,246 shares of the restaurant operator's stock worth $147,000 after purchasing an additional 2,548 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Cracker Barrel Old Country Store by 12.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,538 shares of the restaurant operator's stock worth $627,000 after purchasing an additional 1,462 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Cracker Barrel Old Country Store during the third quarter valued at $1,016,000. 96.01% of the stock is currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Up 1.6 %

Shares of NASDAQ:CBRL traded up $0.77 on Friday, reaching $48.41. The company had a trading volume of 436,442 shares, compared to its average volume of 620,206. The company has a current ratio of 0.61, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.07 billion, a PE ratio of 26.75, a PEG ratio of 1.35 and a beta of 1.42. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51. The firm's 50 day simple moving average is $46.22 and its 200-day simple moving average is $44.65.

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 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 firm had revenue of $894.39 million during the quarter, compared to the consensus estimate of $898.94 million. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Friday, October 18th were issued 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 dividend payout ratio is currently 55.25%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. 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 note on Thursday, September 19th. Loop Capital reduced their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, September 20th. Argus upgraded Cracker Barrel Old Country Store from a "hold" rating to a "buy" rating and set a $52.00 price target for the company in a report on Monday, November 18th. StockNews.com upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Finally, Piper Sandler upped 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $51.25.

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.