PDT Partners LLC Buys 19,925 Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

PDT Partners LLC boosted its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 199.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,925 shares of the restaurant operator's stock after buying an additional 19,925 shares during the quarter. PDT Partners LLC owned 0.13% of Cracker Barrel Old Country Store worth $1,357,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CBRL. Price T Rowe Associates Inc. MD grew its stake in shares of Cracker Barrel Old Country Store by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,028 shares of the restaurant operator's stock worth $948,000 after purchasing an additional 805 shares during the last quarter. Comerica Bank grew its position in Cracker Barrel Old Country Store by 49.6% in the first quarter. Comerica Bank now owns 12,850 shares of the restaurant operator's stock worth $935,000 after buying an additional 4,263 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator's stock valued at $54,000 after buying an additional 1,051 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at $81,000. Finally, CWM LLC lifted its position in shares of 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 during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Up 1.9 %

CBRL traded up $1.08 on Monday, reaching $56.64. 1,188,718 shares of the company traded hands, compared to its average volume of 732,155. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.58 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. The stock's 50 day moving average price is $47.38 and its 200-day moving average price is $44.41. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly 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 net margin of 1.15% and a return on equity of 18.58%. The company had revenue of $894.39 million for the quarter, compared to analysts' expectations of $898.94 million. During the same quarter in the prior year, the firm earned $1.79 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. Cracker Barrel Old Country Store's dividend payout ratio (DPR) is 55.25%.

Wall Street Analyst Weigh In

CBRL has been the topic of a number of recent analyst reports. Argus raised 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 report on Monday, November 18th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Bank of America upped their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an "underperform" rating in a research note on Friday, November 15th. Loop Capital dropped 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. Finally, Piper Sandler upped 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and an average price target 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.