Nisa Investment Advisors LLC Reduces Stock Position in Cracker Barrel Old Country Store, Inc. $CBRL

Nisa Investment Advisors LLC cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 38.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,016 shares of the restaurant operator’s stock after selling 6,973 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cracker Barrel Old Country Store were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CBRL. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth about $25,000. Brooklyn Investment Group bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth about $30,000. Meeder Asset Management Inc. bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth about $45,000. Russell Investments Group Ltd. grew its stake in shares of Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 922 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Cracker Barrel Old Country Store in the first quarter worth about $48,000. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CBRL shares. Piper Sandler lowered their price objective on shares of Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. Wells Fargo & Company started coverage on shares of Cracker Barrel Old Country Store in a report on Friday, October 17th. They issued an “equal weight” rating and a $42.00 price objective for the company. Citigroup lowered their price objective on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, September 18th. Bank of America lowered their price objective on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating for the company in a report on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $50.88.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $33.70 on Friday. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $32.53 and a fifty-two week high of $71.93. The company has a 50 day simple moving average of $45.46 and a two-hundred day simple moving average of $52.99. The company has a market capitalization of $750.47 million, a price-to-earnings ratio of 16.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 earnings per share for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The company had revenue of $845.09 million during the quarter. Analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s payout ratio is 48.31%.

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.