NewSquare Capital LLC Boosts Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

NewSquare Capital LLC boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,797 shares of the restaurant operator’s stock after buying an additional 3,273 shares during the period. NewSquare Capital LLC owned approximately 0.33% of Cracker Barrel Old Country Store worth $5,512,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stratos Wealth Advisors LLC grew its position in Cracker Barrel Old Country Store by 7.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock valued at $267,000 after acquiring an additional 253 shares in the last quarter. Fifth Third Bancorp grew its position in Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Fifth Third Bancorp now owns 19,156 shares of the restaurant operator’s stock valued at $1,477,000 after acquiring an additional 1,098 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Cracker Barrel Old Country Store by 162.6% in the third quarter. Envestnet Asset Management Inc. now owns 74,661 shares of the restaurant operator’s stock valued at $5,017,000 after acquiring an additional 46,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Cracker Barrel Old Country Store by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 692,568 shares of the restaurant operator’s stock valued at $46,541,000 after acquiring an additional 24,902 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Cracker Barrel Old Country Store by 22.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,712 shares of the restaurant operator’s stock valued at $1,596,000 after acquiring an additional 3,794 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CBRL shares. Piper Sandler decreased their price target on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $60.00 to $61.00 and gave the stock a “sell” rating in a research report on Wednesday, February 28th. UBS Group decreased their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $72.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.57.

Cracker Barrel Old Country Store Stock Performance

Shares of CBRL traded up $1.24 during mid-day trading on Tuesday, hitting $60.84. The company’s stock had a trading volume of 555,205 shares, compared to its average volume of 668,987. Cracker Barrel Old Country Store, Inc. has a one year low of $54.87 and a one year high of $116.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.21 and a current ratio of 0.58. The firm has a market capitalization of $1.35 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 4.16 and a beta of 1.45. The stock’s 50-day moving average is $67.23 and its two-hundred day moving average is $71.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Tuesday, February 27th. The restaurant operator reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a return on equity of 23.13% and a net margin of 2.43%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same period in the prior year, the company posted $1.48 earnings per share. Cracker Barrel Old Country Store’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 4.61 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, April 12th will be paid a $1.30 dividend. The ex-dividend date is Thursday, April 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 8.55%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently 138.67%.

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.