Hussman Strategic Advisors Inc. Invests $2.78 Million in Cracker Barrel Old Country Store, Inc. $CBRL

Hussman Strategic Advisors Inc. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the third quarter, Holdings Channel reports. The institutional investor purchased 63,000 shares of the restaurant operator’s stock, valued at approximately $2,776,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 purchasing an additional 350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 purchasing an additional 389 shares during the last quarter. Assetmark Inc. increased its stake 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 buying an additional 419 shares during the period. Aviance Capital Partners LLC raised its holdings in Cracker Barrel Old Country Store by 1.5% in the 2nd quarter. Aviance Capital Partners LLC now owns 33,961 shares of the restaurant operator’s stock valued at $2,074,000 after buying an additional 487 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Cracker Barrel Old Country Store by 8.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock worth $409,000 after buying an additional 519 shares during the period. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. 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 for the company in a research report on Wednesday, December 10th. Wells Fargo & Company lowered their target price on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Zacks Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Bank of America decreased their price target on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating for the company 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 analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $35.25.

Cracker Barrel Old Country Store Stock Performance

CBRL stock opened at $30.21 on Wednesday. The firm has a market cap of $674.59 million, a PE ratio of 40.28 and a beta of 1.27. The company has a current ratio of 0.51, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $28.51 and a 200-day moving average price of $41.64. 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 earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.04. The business had revenue of $797.19 million during the quarter, compared to analysts’ expectations 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 was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Cracker Barrel Old Country Store Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Friday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. Cracker Barrel Old Country Store’s payout ratio is currently 133.33%.

Insider Activity

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the 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 transaction, the insider directly owned 2,749,000 shares of the company’s stock, valued at $77,384,350. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 381,500 shares of company stock worth $10,258,409. 1.40% of the stock is owned by insiders.

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.