63,000 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 63,000 shares of the restaurant operator’s stock, valued at approximately $2,776,000. Hussman Strategic Advisors Inc. owned about 0.28% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CBRL. Assetmark Inc. grew its position 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 purchasing an additional 419 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at $37,000. Byrne Asset Management LLC acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at $51,000. Bayforest Capital Ltd acquired a new position in Cracker Barrel Old Country Store in the 3rd quarter valued at $97,000. Finally, AdvisorShares Investments LLC bought a new position in Cracker Barrel Old Country Store during the 2nd quarter worth $165,000. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp sold 84,700 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 381,500 shares of company stock valued at $10,258,409 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL opened at $30.21 on Wednesday. Cracker Barrel Old Country Store, Inc. has a 1 year low of $24.85 and a 1 year high of $71.93. The stock has a market capitalization of $674.59 million, a price-to-earnings ratio of 40.28 and a beta of 1.27. 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 company’s 50 day simple moving average is $28.51 and its 200 day simple moving average is $41.64.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its earnings results on Tuesday, December 9th. The restaurant operator reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.04. Cracker Barrel Old Country Store had a return on equity of 9.74% and a net margin of 0.49%.The firm had revenue of $797.19 million during the quarter, compared to analysts’ expectations of $806.71 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

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

Wall Street Analyst Weigh In

CBRL has been the topic of several research reports. Gordon Haskett upgraded shares of Cracker Barrel Old Country Store to a “strong sell” rating in a research note on Wednesday, December 10th. UBS Group decreased 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 research report on Wednesday, December 10th. Truist Financial lowered their target price on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Wells Fargo & Company cut their price target on Cracker Barrel Old Country Store from $42.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Finally, Citigroup reduced their price target on Cracker Barrel Old Country Store from $24.00 to $20.00 and set a “sell” rating on the stock in a research report on Wednesday, December 10th. Two research 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 data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of “Reduce” and a consensus price target of $35.25.

About Cracker Barrel Old Country Store

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.