Verition Fund Management LLC Increases Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Verition Fund Management LLC increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 96.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,946 shares of the restaurant operator's stock after acquiring an additional 78,816 shares during the quarter. Verition Fund Management LLC owned approximately 0.72% of Cracker Barrel Old Country Store worth $7,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank raised its stake in shares of Cracker Barrel Old Country Store by 49.6% during the 1st quarter. Comerica Bank now owns 12,850 shares of the restaurant operator's stock worth $935,000 after purchasing an additional 4,263 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Cracker Barrel Old Country Store by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator's stock worth $48,752,000 after buying an additional 111,892 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Cracker Barrel Old Country Store in the third quarter worth about $1,016,000. XTX Topco Ltd purchased a new position in Cracker Barrel Old Country Store in the second quarter valued at about $616,000. Finally, CWM LLC grew 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 period. Hedge funds and other institutional investors own 96.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBRL. UBS Group lowered 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 report on Thursday, September 19th. Piper Sandler boosted their target price on Cracker Barrel Old Country Store from $44.00 to $46.00 and gave the company a "neutral" rating in a research note on Monday, November 18th. 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 research note on Monday, November 18th. StockNews.com raised Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Finally, Loop Capital dropped their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Two equities 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, the company presently has an average rating of "Hold" and a consensus price target of $51.25.

Cracker Barrel Old Country Store Price Performance

CBRL stock traded up $1.08 during mid-day trading on Monday, reaching $56.64. 1,188,718 shares of the company traded hands, compared to its average volume of 732,155. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51. The company has a market capitalization of $1.26 billion, a P/E ratio of 31.10, a P/E/G 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 company has a fifty day moving average price of $47.38 and a 200-day moving average price of $44.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.58% 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 period in the previous year, the company posted $1.79 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, October 18th. Cracker Barrel Old Country Store's payout ratio is 55.25%.

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.