22,403 Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,403 shares of the restaurant operator's stock, valued at approximately $1,016,000. International Assets Investment Management LLC owned approximately 0.10% of Cracker Barrel Old Country Store as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its stake in Cracker Barrel Old Country Store by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator's stock worth $1,412,000 after buying an additional 274 shares during the period. ProShare Advisors LLC grew its stake in shares of Cracker Barrel Old Country Store by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,451 shares of the restaurant operator's stock valued at $324,000 after buying an additional 306 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 200.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. CWM LLC raised its position 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 worth $36,000 after acquiring an additional 419 shares during the period. Finally, nVerses Capital LLC lifted its position in Cracker Barrel Old Country Store by 26.3% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the restaurant operator's stock valued at $109,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded up $1.58 during midday trading on Tuesday, reaching $47.43. 471,155 shares of the company's stock were exchanged, compared to its average volume of 733,158. The firm has a market capitalization of $1.05 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.61. The company's 50 day simple moving average is $43.67 and its two-hundred day simple moving average is $45.55. 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 released its quarterly earnings data 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). Cracker Barrel Old Country Store had a net margin of 1.18% and a return on equity of 18.65%. The company had revenue of $894.39 million for the quarter, compared to the consensus estimate of $898.94 million. During the same quarter in the previous 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. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is presently 54.35%.

Wall Street Analysts Forecast Growth

CBRL has been the subject of several research analyst reports. 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 for the company in a research report on Thursday, September 19th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Argus lowered shares of Cracker Barrel Old Country Store from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Loop Capital dropped their target price on 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. Finally, Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the company an "underperform" rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $53.57.

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.