Allianz Asset Management GmbH Has $4.29 Million Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Allianz Asset Management GmbH boosted its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLFree Report) by 53.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,712 shares of the restaurant operator’s stock after acquiring an additional 19,460 shares during the period. Allianz Asset Management GmbH owned 0.25% of Cracker Barrel Old Country Store worth $4,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connable Office Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 4th quarter worth about $325,000. Advisory Services Network LLC bought a new stake in shares of Cracker Barrel Old Country Store during the fourth quarter worth approximately $397,000. WBI Investments LLC acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $1,007,000. Aigen Investment Management LP acquired a new position in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $1,050,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Cracker Barrel Old Country Store by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,667 shares of the restaurant operator’s stock worth $283,000 after purchasing an additional 582 shares during the last quarter. 96.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CBRL shares. Loop Capital cut their price target on Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Benchmark raised Cracker Barrel Old Country Store to a “hold” rating in a report on Monday. Piper Sandler reduced their price objective on Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th. Bank of America lowered their target price on Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating for the company in a research note on Thursday, May 16th. Finally, UBS Group reduced their price target on shares of Cracker Barrel Old Country Store from $82.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $62.14.

Read Our Latest Report on Cracker Barrel Old Country Store

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $50.83 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.23 and a current ratio of 0.63. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $43.38 and a fifty-two week high of $98.60. The company has a 50 day simple moving average of $57.05 and a two-hundred day simple moving average of $68.00. The company has a market capitalization of $1.13 billion, a PE ratio of 18.55, a P/E/G ratio of 1.07 and a beta of 1.46.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last posted its quarterly earnings data on Thursday, May 30th. The restaurant operator reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.32. The company had revenue of $817.14 million during the quarter, compared to analysts’ expectations of $820.61 million. Cracker Barrel Old Country Store had a net margin of 1.77% and a return on equity of 22.11%. Cracker Barrel Old Country Store’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 earnings per share. Research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 3.93 earnings per share for the current year.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is 191.88%.

About Cracker Barrel Old Country Store

(Free Report)

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.

See Also

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Institutional Ownership by Quarter for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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