Cracker Barrel Old Country Store, Inc. $CBRL Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 17.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 36,078 shares of the restaurant operator’s stock after selling 7,688 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cracker Barrel Old Country Store were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CBRL. Deutsche Bank AG increased its stake in shares of Cracker Barrel Old Country Store by 45.4% during the fourth quarter. Deutsche Bank AG now owns 19,855 shares of the restaurant operator’s stock valued at $1,050,000 after acquiring an additional 6,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator’s stock valued at $666,000 after acquiring an additional 417 shares during the period. ProShare Advisors LLC increased its stake in shares of Cracker Barrel Old Country Store by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 6,669 shares of the restaurant operator’s stock valued at $353,000 after acquiring an additional 2,052 shares during the period. Two Sigma Advisers LP increased its stake in shares of Cracker Barrel Old Country Store by 47.4% during the fourth quarter. Two Sigma Advisers LP now owns 98,302 shares of the restaurant operator’s stock valued at $5,196,000 after acquiring an additional 31,600 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $3,990,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 5.0%

Cracker Barrel Old Country Store stock opened at $43.50 on Monday. The stock has a market capitalization of $968.66 million, a PE ratio of 21.01 and a beta of 1.41. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.85 and a twelve month high of $71.93. The company has a quick ratio of 0.21, a current ratio of 0.50 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $58.32 and a 200-day moving average of $52.97.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Wednesday, September 17th. The restaurant operator reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Cracker Barrel Old Country Store had a return on equity of 15.48% and a net margin of 1.33%.The business had revenue of $868.01 million for the quarter, compared to analyst estimates of $853.90 million. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 17th. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 48.31%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CBRL. Citigroup lowered their price objective on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating on the stock in a research note on Thursday. 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 on the stock in a research note on Thursday. Loop Capital raised their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, June 6th. Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday. Finally, Truist Financial set a $58.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.43.

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.