Aster Capital Management DIFC Ltd Invests $686,000 in Cracker Barrel Old Country Store, Inc. $CBRL

Aster Capital Management DIFC Ltd purchased a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,566 shares of the restaurant operator’s stock, valued at approximately $686,000. Aster Capital Management DIFC Ltd owned approximately 0.07% of Cracker Barrel Old Country Store as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hussman Strategic Advisors Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 3rd quarter valued at approximately $2,776,000. TrueMark Investments LLC grew its position in shares of Cracker Barrel Old Country Store by 1,754.1% during the third quarter. TrueMark Investments LLC now owns 105,925 shares of the restaurant operator’s stock worth $4,667,000 after buying an additional 100,212 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth $678,000. Allianz Asset Management GmbH increased its stake in shares of Cracker Barrel Old Country Store by 66.7% in the third quarter. Allianz Asset Management GmbH now owns 456,278 shares of the restaurant operator’s stock worth $20,104,000 after buying an additional 182,533 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Cracker Barrel Old Country Store by 31.9% in the second quarter. Envestnet Asset Management Inc. now owns 70,829 shares of the restaurant operator’s stock valued at $4,326,000 after acquiring an additional 17,147 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL opened at $32.36 on Friday. The stock has a market cap of $722.60 million, a P/E ratio of 43.15 and a beta of 1.28. The firm’s 50-day simple moving average is $30.40 and its 200 day simple moving average is $37.19. 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 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 released its 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 firm had revenue of $797.19 million for 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%. Cracker Barrel Old Country Store’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CBRL. Truist Financial decreased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a research report on Monday, December 29th. Piper Sandler decreased their price target on Cracker Barrel Old Country Store from $49.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. UBS Group cut their price objective on Cracker Barrel Old Country Store from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 10th. Finally, Zacks Research raised Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $35.75.

Insider Activity at Cracker Barrel Old Country Store

In related news, major shareholder Gmt Capital Corp sold 84,700 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 2,749,000 shares of the company’s stock, valued at $77,384,350. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 381,500 shares of company stock worth $10,258,409 in the last quarter. 1.40% of the stock is owned by company insiders.

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.