Campbell & CO Investment Adviser LLC Takes Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,713 shares of the restaurant operator’s stock, valued at approximately $1,145,000. Cracker Barrel Old Country Store makes up approximately 0.5% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Cracker Barrel Old Country Store by 565.2% during the first quarter. Assetmark Inc. now owns 153 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 130 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Cracker Barrel Old Country Store by 117.8% during the second quarter. Rockefeller Capital Management L.P. now owns 196 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. Certified Advisory Corp purchased a new stake in Cracker Barrel Old Country Store in the first quarter valued at approximately $32,000. Cullen Frost Bankers Inc. purchased a new stake in Cracker Barrel Old Country Store in the second quarter valued at approximately $36,000. Finally, Accel Wealth Management boosted its position in Cracker Barrel Old Country Store by 172.4% in the second quarter. Accel Wealth Management now owns 316 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.38% of the company’s stock.

A number of equities research analysts recently commented on CBRL shares. Truist dropped their target price on Cracker Barrel Old Country Store from $178.00 to $159.00 and set a “hold” rating on the stock in a research report on Wednesday, September 15th. Truist Securities dropped their target price on Cracker Barrel Old Country Store from $159.00 to $152.00 and set a “hold” rating on the stock in a research report on Wednesday. Zacks Investment Research upgraded Cracker Barrel Old Country Store from a “sell” rating to a “strong-buy” rating and set a $185.00 target price on the stock in a research report on Friday, May 28th. MKM Partners dropped their target price on Cracker Barrel Old Country Store from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Cracker Barrel Old Country Store from $195.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of “Hold” and an average price target of $162.78.

Cracker Barrel Old Country Store stock traded up $3.64 during mid-day trading on Wednesday, hitting $138.80. The company had a trading volume of 11,958 shares, compared to its average volume of 299,495. Cracker Barrel Old Country Store, Inc. has a 12-month low of $106.92 and a 12-month high of $178.82. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.44 and a beta of 1.51. The company has a current ratio of 1.32, a quick ratio of 1.03 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average is $138.64 and its 200-day moving average is $153.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last announced its earnings results on Tuesday, September 21st. The restaurant operator reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.08). Cracker Barrel Old Country Store had a net margin of 9.61% and a return on equity of 8.61%. The business had revenue of $784.40 million for the quarter, compared to analysts’ expectations of $794.07 million. During the same quarter last year, the business earned ($0.85) EPS. The company’s quarterly revenue was up 58.4% on a year-over-year basis. As a group, sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 5.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 9th. Stockholders of record on Friday, October 22nd will be given a dividend of $1.30 per share. This is a positive change from Cracker Barrel Old Country Store’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, October 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.75%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 196.08%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc engages in the operation and development of restaurant and retail outlets. The format of its stores consists of a trademarked rustic old country-store design that offers restaurant menu featuring home-style country food. The company was founded by Dan W. Evins on September 19, 1969 and is headquartered in Lebanon, TN.

Further Reading: Death Cross

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

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