Systematic Financial Management LP Takes Position in Cracker Barrel Old Country Store, Inc. $CBRL

Systematic Financial Management LP bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,575 shares of the restaurant operator’s stock, valued at approximately $573,000.

A number of other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Cracker Barrel Old Country Store by 19.5% in the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator’s stock valued at $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. raised its position in Cracker Barrel Old Country Store by 13,737.1% in the 3rd quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator’s stock worth $40,982,000 after purchasing an additional 923,409 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cracker Barrel Old Country Store by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator’s stock worth $32,756,000 after purchasing an additional 15,661 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store in the 2nd quarter worth approximately $43,930,000. Finally, Allianz Asset Management GmbH raised its position in Cracker Barrel Old Country Store by 66.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock worth $20,104,000 after purchasing an additional 182,533 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Friday, March 27th. UBS Group boosted their price objective on shares of Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store presently has an average rating of “Hold” and an average target price of $37.75.

Cracker Barrel Old Country Store Stock Performance

CBRL stock opened at $32.39 on Tuesday. The company has a 50 day moving average price of $29.38 and a 200 day moving average price of $29.54. The stock has a market capitalization of $723.92 million, a PE ratio of -179.93 and a beta of 1.29. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $71.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.49 and a quick ratio of 0.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.35. The company had revenue of $874.82 million during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. Analysts forecast that Cracker Barrel Old Country Store, Inc. will post -1.07 EPS for the current year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. Cracker Barrel Old Country Store’s payout ratio is presently -555.56%.

About Cracker Barrel Old Country Store

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.