PDT Partners LLC Increases Stock Holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

PDT Partners LLC boosted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 199.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,925 shares of the restaurant operator’s stock after acquiring an additional 19,925 shares during the quarter. PDT Partners LLC owned about 0.13% of Cracker Barrel Old Country Store worth $1,357,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBRL. Charles Schwab Investment Management Inc. boosted its stake in shares of Cracker Barrel Old Country Store by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,075,016 shares of the restaurant operator’s stock valued at $48,752,000 after purchasing an additional 111,892 shares during the period. Marshall Wace LLP acquired a new stake in shares of Cracker Barrel Old Country Store during the second quarter valued at about $25,636,000. Verition Fund Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 96.0% in the third quarter. Verition Fund Management LLC now owns 160,946 shares of the restaurant operator’s stock worth $7,299,000 after acquiring an additional 78,816 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Cracker Barrel Old Country Store by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 100,030 shares of the restaurant operator’s stock valued at $4,536,000 after purchasing an additional 321 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Cracker Barrel Old Country Store by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 76,452 shares of the restaurant operator’s stock valued at $3,223,000 after purchasing an additional 1,854 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 5.3 %

Shares of CBRL stock opened at $55.56 on Monday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 30.70, 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 quick ratio of 0.21 and a current ratio of 0.61. Cracker Barrel Old Country Store, Inc. has a 52-week low of $34.88 and a 52-week high of $83.51. The firm has a fifty day moving average of $47.38 and a 200-day moving average of $44.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $894.39 million during the quarter, compared to analyst estimates of $898.94 million. During the same period in the prior year, the firm posted $1.79 EPS. Cracker Barrel Old Country Store’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.96 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th were paid a $0.25 dividend. The ex-dividend date was Friday, October 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is currently 55.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CBRL shares. Bank of America upped their target price on Cracker Barrel Old Country Store from $42.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, November 15th. Loop Capital decreased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, September 20th. UBS Group lowered their target price on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Argus upgraded shares of Cracker Barrel Old Country Store from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Monday, November 18th. Finally, StockNews.com raised Cracker Barrel Old Country Store from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and a consensus price target of $51.25.

Cracker Barrel Old Country Store Company 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.