Cracker Barrel Old Country Store, Inc. $CBRL Shares Bought by Caxton Associates LLP

Caxton Associates LLP grew its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 177.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,267 shares of the restaurant operator’s stock after buying an additional 19,374 shares during the quarter. Caxton Associates LLP owned 0.14% of Cracker Barrel Old Country Store worth $1,849,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group bought a new position in Cracker Barrel Old Country Store during the 1st quarter valued at $30,000. Assetmark Inc. lifted its position in shares of 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 purchasing an additional 419 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Cracker Barrel Old Country Store in the second quarter worth about $37,000. Russell Investments Group Ltd. increased its holdings in Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 922 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Cracker Barrel Old Country Store during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. 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. Wells Fargo & Company decreased their price objective on shares of Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday. Argus lowered their target price on shares of Cracker Barrel Old Country Store from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, September 29th. UBS Group dropped their target price on shares of Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Gordon Haskett raised shares of Cracker Barrel Old Country Store to a “strong sell” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $36.88.

Insider Transactions at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the 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 transaction, the insider owned 2,749,000 shares in the company, valued at $77,384,350. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 211,900 shares of company stock valued at $5,844,993. Corporate insiders own 1.40% of the company’s stock.

Cracker Barrel Old Country Store Stock Down 3.2%

CBRL stock opened at $27.33 on Monday. The stock has a market cap of $610.28 million, a PE ratio of 36.44 and a beta of 1.24. The firm’s 50-day simple moving average is $32.62 and its 200 day simple moving average is $48.78. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $71.93. The company has a quick ratio of 0.16, a current ratio of 0.51 and a debt-to-equity ratio of 0.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) EPS for the quarter, beating the consensus estimate 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 net margin of 0.49% and a return on equity of 9.74%. Cracker Barrel Old Country Store’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Friday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $1.00 annualized dividend and a yield of 3.7%. Cracker Barrel Old Country Store’s dividend payout ratio is presently 133.33%.

About Cracker Barrel Old Country Store

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.