Cracker Barrel Old Country Store, Inc. $CBRL Shares Newly Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 19,347 shares of the restaurant operator’s stock, valued at approximately $1,018,000. SummerHaven Investment Management LLC owned approximately 0.09% of Cracker Barrel Old Country Store as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. WINTON GROUP Ltd purchased a new stake in Cracker Barrel Old Country Store during the 2nd quarter worth approximately $347,000. Integrated Wealth Concepts LLC acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $91,000. Allworth Financial LP raised its position in shares of Cracker Barrel Old Country Store by 109.5% in the 2nd quarter. Allworth Financial LP now owns 2,149 shares of the restaurant operator’s stock valued at $115,000 after purchasing an additional 1,123 shares in the last quarter. Arizona State Retirement System acquired a new position in shares of Cracker Barrel Old Country Store in the 2nd quarter valued at approximately $312,000. Finally, Corient Private Wealth LP boosted its stake in shares of Cracker Barrel Old Country Store by 102.9% during the 2nd quarter. Corient Private Wealth LP now owns 45,996 shares of the restaurant operator’s stock valued at $2,452,000 after buying an additional 23,322 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Cracker Barrel Old Country Store from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Bank of America restated an “underperform” rating and issued a $48.00 price target on shares of Cracker Barrel Old Country Store in a research note on Thursday, September 24th. UBS Group lifted their price target on shares of Cracker Barrel Old Country Store from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, September 21st. Citigroup upped their price target on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the company a “sell” rating in a report on Friday, September 25th. Finally, Wells Fargo & Company upped their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.86.

Insider Transactions at Cracker Barrel Old Country Store

In other Cracker Barrel Old Country Store news, SVP Donna Roberts sold 3,500 shares of Cracker Barrel Old Country Store stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $52.08, for a total value of $182,280.00. Following the completion of the transaction, the senior vice president owned 43,702 shares of the company’s stock, valued at $2,276,000.16. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.30% of the stock is owned by company insiders.

Cracker Barrel Old Country Store Trading Up 2.3%

NASDAQ:CBRL opened at $68.97 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.58 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $54.52 and its two-hundred day moving average is $45.33. Cracker Barrel Old Country Store, Inc. has a 52 week low of $24.85 and a 52 week high of $70.28. The company has a market cap of $1.54 billion, a PE ratio of 49.26, a P/E/G ratio of 1.64 and a beta of 1.21.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, September 23rd. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.17 by $0.82. Cracker Barrel Old Country Store had a return on equity of 4.01% and a net margin of 0.95%. The company had revenue of $849.34 million during the quarter, compared to analyst estimates of $834.57 million. During the same quarter last year, the firm earned $0.74 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, analysts predict that Cracker Barrel Old Country Store, Inc. will post 1.56 EPS for the current year.

Cracker Barrel Old Country Store Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 16th. This represents a $1.00 annualized dividend and a yield of 1.4%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 71.43%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates full-service restaurants combined with country-themed retail stores under the Cracker Barrel Old Country Store brand. Its restaurants serve Southern-inspired comfort food, including breakfast items, lunch and dinner entrées, biscuits, desserts and beverages. The retail stores offer home décor, apparel, gifts, seasonal merchandise, toys and other products with a traditional country and Americana theme.

Founded in 1969 by Dan Evins, Cracker Barrel opened its first location in Lebanon, Tennessee.