Allianz Asset Management GmbH Buys 182,533 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Allianz Asset Management GmbH grew its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 66.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 456,278 shares of the restaurant operator’s stock after purchasing an additional 182,533 shares during the period. Allianz Asset Management GmbH owned approximately 2.05% of Cracker Barrel Old Country Store worth $20,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CBRL. Parvin Asset Management LLC lifted its holdings in Cracker Barrel Old Country Store by 4.4% during the second quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock worth $507,000 after acquiring an additional 350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Cracker Barrel Old Country Store by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,716 shares of the restaurant operator’s stock worth $349,000 after buying an additional 389 shares in the last quarter. Assetmark Inc. lifted its position in Cracker Barrel Old Country Store by 517.3% during the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 419 shares during the period. Arizona State Retirement System lifted its holdings in shares of Cracker Barrel Old Country Store by 7.2% in the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock worth $276,000 after acquiring an additional 419 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its position in Cracker Barrel Old Country Store by 1.5% in the second quarter. Aviance Capital Partners LLC now owns 33,961 shares of the restaurant operator’s stock valued at $2,074,000 after purchasing an additional 487 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Cracker Barrel Old Country Store Trading Up 3.1%

CBRL stock opened at $33.81 on Friday. The company has a market capitalization of $754.98 million, a price-to-earnings ratio of 45.08 and a beta of 1.28. The business has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $40.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.51 and a quick ratio of 0.16. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.04. The company had revenue of $797.19 million for the quarter, compared to the consensus estimate of $806.71 million. Cracker Barrel Old Country Store had a net margin of 0.49% and a return on equity of 9.74%. Cracker Barrel Old Country Store’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. 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 Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. Cracker Barrel Old Country Store’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CBRL. Bank of America dropped their price target 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 report on Friday, December 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research note on Monday, December 29th. UBS Group decreased their price target on Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 10th. Truist Financial decreased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $35.25.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 84,700 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $28.15, for a total transaction of $2,384,305.00. Following the sale, the insider directly owned 2,749,000 shares of the company’s stock, valued at $77,384,350. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 381,500 shares of company stock worth $10,258,409. Corporate insiders own 1.40% of the company’s stock.

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.