Advisors Asset Management Inc. Cuts Stake in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Advisors Asset Management Inc. reduced its holdings in Cracker Barrel Old Country Store, Inc. by 38.0%, selling 28,305 shares, and now owns 46,128 shares valued at approximately $1.79 million.
• Cracker Barrel reported earnings of $0.58 EPS, exceeding the consensus estimate of $0.17 EPS, with revenue for the quarter reaching $821.10 million.
• Analysts' ratings for Cracker Barrel are mixed, with a consensus rating of "Hold" and a price target averaging $55.14.

Advisors Asset Management Inc. decreased its position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 38.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,128 shares of the restaurant operator's stock after selling 28,305 shares during the quarter. Advisors Asset Management Inc. owned 0.21% of Cracker Barrel Old Country Store worth $1,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock worth $333,000 after acquiring an additional 361 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cracker Barrel Old Country Store by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock valued at $666,000 after buying an additional 417 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Cracker Barrel Old Country Store during the 1st quarter worth approximately $25,000. Brooklyn Investment Group bought a new position in Cracker Barrel Old Country Store during the 1st quarter worth approximately $30,000. Finally, South Dakota Investment Council raised its holdings in Cracker Barrel Old Country Store by 4.8% during the 1st quarter. South Dakota Investment Council now owns 17,400 shares of the restaurant operator's stock worth $675,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Down 3.0%

CBRL traded down $1.58 during mid-day trading on Friday, reaching $50.56. 339,647 shares of the stock were exchanged, compared to its average volume of 1,082,737. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.26 and a current ratio of 0.65. The stock has a market capitalization of $1.13 billion, a PE ratio of 19.59 and a beta of 1.41. The company has a 50 day moving average price of $60.48 and a two-hundred day moving average price of $52.61. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $71.93.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBRL. Loop Capital lifted their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, June 6th. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research note on Friday, June 6th. Citigroup boosted their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a "sell" rating in a research note on Monday. Truist Financial boosted their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, UBS Group restated a "neutral" rating and set a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $55.86.

Cracker Barrel Old Country Store Company Profile

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.