AE Wealth Management LLC Invests $279,000 in Cracker Barrel Old Country Store, Inc. $CBRL

AE Wealth Management LLC acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,570 shares of the restaurant operator’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRL. GMT Capital Corp purchased a new position in Cracker Barrel Old Country Store in the 1st quarter valued at about $78,750,000. Woodline Partners LP raised its position in shares of Cracker Barrel Old Country Store by 340.8% in the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator’s stock valued at $12,919,000 after buying an additional 257,301 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Cracker Barrel Old Country Store by 113.5% during the second quarter. Allianz Asset Management GmbH now owns 273,745 shares of the restaurant operator’s stock valued at $16,720,000 after buying an additional 145,511 shares during the period. Invesco Ltd. boosted its position in Cracker Barrel Old Country Store by 17.0% during the first quarter. Invesco Ltd. now owns 199,396 shares of the restaurant operator’s stock worth $7,741,000 after acquiring an additional 28,966 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $4,795,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CBRL. Wells Fargo & Company initiated coverage on Cracker Barrel Old Country Store in a report on Friday, October 17th. They issued an “equal weight” rating and a $42.00 price target for the company. Citigroup lowered their price objective on Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. Truist Financial set a $58.00 target price on Cracker Barrel Old Country Store in a research report on Thursday, September 18th. Piper Sandler decreased their price target on Cracker Barrel Old Country Store from $56.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 18th. Finally, Wall Street Zen cut Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Saturday, September 20th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cracker Barrel Old Country Store presently has a consensus rating of “Reduce” and a consensus price target of $50.88.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $28.89 on Monday. The firm has a market capitalization of $643.35 million, a P/E ratio of 13.96 and a beta of 1.32. Cracker Barrel Old Country Store, Inc. has a 1-year low of $28.60 and a 1-year high of $71.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.50 and a quick ratio of 0.21. The business’s 50-day simple moving average is $40.27 and its 200-day simple moving average is $52.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings results on Wednesday, December 4th. The restaurant operator reported $0.45 EPS for the quarter. The firm had revenue of $845.09 million for the quarter. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. Equities analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 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, November 12th. Investors of record on Friday, October 17th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. Cracker Barrel Old Country Store’s payout ratio is presently 48.31%.

Cracker Barrel Old Country Store Company Profile

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.