Gamco Investors INC. ET AL Raises Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Gamco Investors INC. ET AL grew its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 786.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 106,400 shares of the restaurant operator’s stock after buying an additional 94,400 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Cracker Barrel Old Country Store were worth $2,703,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of Cracker Barrel Old Country Store by 16.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Cracker Barrel Old Country Store by 7.2% during the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock worth $276,000 after purchasing an additional 419 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Cracker Barrel Old Country Store by 8.4% during the second quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock worth $409,000 after purchasing an additional 519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cracker Barrel Old Country Store by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after purchasing an additional 546 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Cracker Barrel Old Country Store during the second quarter worth about $37,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL opened at $29.98 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. The company has a market cap of $670.05 million, a P/E ratio of -166.55 and a beta of 1.29. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $71.93. The company has a 50-day moving average price of $29.12 and a 200 day moving average price of $29.55.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings data on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. The firm had revenue of $874.82 million during the quarter, compared to the consensus estimate of $862.89 million. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Research analysts predict that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, April 10th were given a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.3%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is presently -555.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Cracker Barrel Old Country Store from $24.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, March 5th. Wall Street Zen lowered Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. UBS Group raised their price target on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Truist Financial raised their price target on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.