SummerHaven Investment Management LLC Has $1.21 Million Stake in Cracker Barrel Old Country Store, Inc. $CBRL

SummerHaven Investment Management LLC grew its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,879 shares of the restaurant operator’s stock after purchasing an additional 311 shares during the period. Cracker Barrel Old Country Store makes up 0.8% of SummerHaven Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. SummerHaven Investment Management LLC owned about 0.09% of Cracker Barrel Old Country Store worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GMT Capital Corp acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $78,750,000. Jump Financial LLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $389,000. Trexquant Investment LP acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $4,795,000. Capital Investment Counsel Inc raised its holdings in shares of Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock valued at $1,104,000 after purchasing an additional 9,875 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter valued at about $342,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Trading Up 3.9%

NASDAQ:CBRL opened at $45.50 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.21 and a current ratio of 0.50. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 21.98 and a beta of 1.41. Cracker Barrel Old Country Store, Inc. has a 52 week low of $33.85 and a 52 week high of $71.93. The firm has a 50-day moving average price of $56.22 and a two-hundred day moving average price of $53.02.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last posted its quarterly earnings data on Wednesday, September 17th. The restaurant operator reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $868.01 million during the quarter, compared to analysts’ expectations of $853.90 million. Cracker Barrel Old Country Store had a net margin of 1.33% and a return on equity of 15.48%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. Cracker Barrel Old Country Store has set its FY 2026 guidance at EPS. On average, equities analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.2%. Cracker Barrel Old Country Store’s dividend payout ratio (DPR) is 48.31%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CBRL. UBS Group reiterated a “neutral” rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Citigroup lowered their target price on shares of Cracker Barrel Old Country Store from $47.00 to $42.00 and set a “sell” rating on the stock in a report on Thursday, September 18th. Truist Financial set a $58.00 target price on shares of Cracker Barrel Old Country Store in a report on Thursday, September 18th. Bank of America lowered their target price on shares of Cracker Barrel Old Country Store from $48.00 to $42.00 and set an “underperform” rating on the stock in a report on Thursday, September 18th. Finally, Zacks Research lowered shares of Cracker Barrel Old Country Store from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $52.43.

Cracker Barrel Old Country Store 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.