Jupiter Asset Management Ltd. Takes $2.51 Million Position in Cracker Barrel Old Country Store, Inc. $CBRL

Jupiter Asset Management Ltd. bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 56,844 shares of the restaurant operator’s stock, valued at approximately $2,505,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC increased its holdings in Cracker Barrel Old Country Store by 4.4% in the 2nd 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 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 valued at $349,000 after purchasing an additional 389 shares in the last quarter. Assetmark Inc. grew its position in shares of Cracker Barrel Old Country Store by 517.3% in the second quarter. Assetmark Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 419 shares during the period. Arizona State Retirement System increased its stake in shares of Cracker Barrel Old Country Store by 7.2% during the third quarter. Arizona State Retirement System now owns 6,258 shares of the restaurant operator’s stock worth $276,000 after purchasing an additional 419 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in shares of Cracker Barrel Old Country Store by 1.5% during the 2nd quarter. Aviance Capital Partners LLC now owns 33,961 shares of the restaurant operator’s stock worth $2,074,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $28.15, for a total value of $2,384,305.00. Following the completion of the sale, the insider owned 2,749,000 shares of the company’s stock, valued at approximately $77,384,350. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 381,500 shares of company stock worth $10,258,409. Insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

NASDAQ:CBRL opened at $33.75 on Friday. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $71.93. The stock has a market cap of $753.64 million, a PE ratio of 45.00 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. The stock has a 50 day moving average price of $30.00 and a 200 day moving average price of $37.76.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.04. The company 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 firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRL has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Monday, December 29th. Truist Financial decreased their target price on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Benchmark reiterated a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, January 20th. UBS Group decreased their price objective on Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, December 10th. Finally, Bank of America lowered their target price 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. 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 company presently has a consensus rating of “Reduce” and an average target price of $35.75.

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.