22,575 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Purchased by Systematic Financial Management LP

Systematic Financial Management LP bought a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,575 shares of the restaurant operator’s stock, valued at approximately $573,000. Systematic Financial Management LP owned approximately 0.10% of Cracker Barrel Old Country Store as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Poehling Capital Management INC. acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter worth about $321,000. Gamco Investors INC. ET AL grew its position in Cracker Barrel Old Country Store by 786.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 106,400 shares of the restaurant operator’s stock worth $2,703,000 after buying an additional 94,400 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $508,000. Maxi Investments CY Ltd acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $1,168,000. Finally, International Assets Investment Management LLC acquired a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at approximately $267,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL opened at $32.39 on Tuesday. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $71.93. The stock’s 50 day moving average is $29.38 and its two-hundred day moving average is $29.54. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $723.92 million, a price-to-earnings ratio of -179.93 and a beta of 1.29.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its earnings results on Wednesday, March 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.35. Cracker Barrel Old Country Store had a negative net margin of 0.12% and a positive return on equity of 4.25%. The company had revenue of $874.82 million during the quarter, compared to analysts’ expectations of $862.89 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. Cracker Barrel Old Country Store’s quarterly revenue was down 7.9% compared to the same quarter last year. Equities analysts forecast that Cracker Barrel Old Country Store, Inc. will post -1.07 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Friday, April 10th were paid a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. Cracker Barrel Old Country Store’s payout ratio is -555.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CBRL shares. Wall Street Zen downgraded Cracker Barrel Old Country Store from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Cracker Barrel Old Country Store in a report on Friday, March 27th. Wells Fargo & Company lifted their price objective on Cracker Barrel Old Country Store from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. UBS Group lifted their price objective on Cracker Barrel Old Country Store from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Truist Financial lifted their price objective on Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.75.

Cracker Barrel Old Country Store Company Profile

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.