Cracker Barrel Old Country Store, Inc. $CBRL Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 66.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 456,278 shares of the restaurant operator’s stock after purchasing an additional 182,533 shares during the quarter. Allianz Asset Management GmbH’s holdings in Cracker Barrel Old Country Store were worth $20,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cracker Barrel Old Country Store by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock worth $510,000 after acquiring an additional 546 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $249,000. New York State Teachers Retirement System raised its stake in shares of Cracker Barrel Old Country Store by 7.5% during the second quarter. New York State Teachers Retirement System now owns 32,283 shares of the restaurant operator’s stock worth $1,972,000 after purchasing an additional 2,243 shares during the last quarter. Praxis Investment Management Inc. purchased a new position in Cracker Barrel Old Country Store during the second quarter worth about $222,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Cracker Barrel Old Country Store during the second quarter worth $231,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 42,400 shares of Cracker Barrel Old Country Store stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $25.56, for a total value of $1,083,744.00. Following the completion of the sale, the insider directly owned 2,240,200 shares in the company, valued at approximately $57,259,512. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 381,500 shares of company stock valued at $10,258,409. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Gordon Haskett raised shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research report on Wednesday, December 10th. Piper Sandler decreased their target price on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Wells Fargo & Company cut their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Bank of America lowered their price objective on shares of Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a research note on Friday, December 19th. Finally, Benchmark restated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Reduce” and a consensus price target of $35.25.

Cracker Barrel Old Country Store Stock Up 3.1%

NASDAQ CBRL opened at $33.81 on Friday. The stock has a fifty day moving average of $29.11 and a 200-day moving average of $40.08. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $71.93. The stock has a market capitalization of $754.98 million, a P/E ratio of 45.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.16 and a current ratio of 0.51.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.04. The firm had revenue of $797.19 million for the quarter, compared to analyst estimates of $806.71 million. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Friday, January 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 16th. Cracker Barrel Old Country Store’s dividend payout ratio is currently 133.33%.

Cracker Barrel Old Country Store Company 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.