Aster Capital Management DIFC Ltd Buys New Position in Cracker Barrel Old Country Store, Inc. $CBRL

Aster Capital Management DIFC Ltd bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,566 shares of the restaurant operator’s stock, valued at approximately $686,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC boosted its position in shares of Cracker Barrel Old Country Store by 4.4% during the 2nd quarter. Parvin Asset Management LLC now owns 8,295 shares of the restaurant operator’s stock valued at $507,000 after purchasing an additional 350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake 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 during the last quarter. Assetmark Inc. boosted its holdings 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 buying an additional 419 shares in the last quarter. Arizona State Retirement System boosted its holdings in 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 buying an additional 419 shares in the last quarter. Finally, Aviance Capital Partners LLC grew 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 worth $2,074,000 after buying an additional 487 shares during the last quarter. 96.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $28.15, for a total transaction of $2,384,305.00. Following the completion of the sale, the insider directly owned 2,749,000 shares in the company, valued at approximately $77,384,350. This trade 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 is accessible through the SEC website. Insiders have sold 381,500 shares of company stock valued at $10,258,409 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 3.6%

NASDAQ:CBRL opened at $32.36 on Friday. The stock has a market cap of $722.60 million, a PE ratio of 43.15 and a beta of 1.28. 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 0.93, a current ratio of 0.51 and a quick ratio of 0.16. The stock’s 50-day moving average is $30.40 and its two-hundred day moving average is $37.19.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly 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 net margin of 0.49% and a return on equity of 9.74%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. As a group, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRL has been the subject of a number of recent research reports. Zacks Research upgraded Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Benchmark reaffirmed a “hold” rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Truist Financial dropped their price target on Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Bank of America cut their price objective on Cracker Barrel Old Country Store from $34.00 to $29.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Two equities research analysts have rated the stock with 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, the company presently has an average rating of “Reduce” and a consensus price target of $35.75.

Cracker Barrel Old Country Store Company 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.