Legal & General Group Plc acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,788 shares of the restaurant operator’s stock, valued at approximately $2,867,000. Legal & General Group Plc owned 0.24% of Cracker Barrel Old Country Store as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBRL. UBS Group AG raised its stake in Cracker Barrel Old Country Store by 50.3% during the 4th quarter. UBS Group AG now owns 292,220 shares of the restaurant operator’s stock valued at $7,422,000 after buying an additional 97,761 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Cracker Barrel Old Country Store by 173.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator’s stock worth $3,950,000 after buying an additional 98,686 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Cracker Barrel Old Country Store in the 1st quarter worth $858,000. Fifth Third Bancorp grew its holdings in shares of Cracker Barrel Old Country Store by 5,188.7% in the first quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator’s stock worth $827,000 after acquiring an additional 28,849 shares during the period. Finally, Pinnacle Holdings LLC bought a new stake in shares of Cracker Barrel Old Country Store in the second quarter worth $1,639,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have weighed in on CBRL shares. Citigroup increased their target price on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, July 21st. Piper Sandler restated a “neutral” rating and set a $51.00 price target on shares of Cracker Barrel Old Country Store in a research note on Wednesday, July 22nd. Argus upped their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Wells Fargo & Company increased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Benchmark reissued a “hold” rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.14.
Cracker Barrel Old Country Store Stock Up 1.2%
Shares of CBRL stock opened at $54.69 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.19. The company’s fifty day moving average price is $54.87 and its 200-day moving average price is $40.43. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 47.15 and a beta of 1.19. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $60.26.
Cracker Barrel Old Country Store (NASDAQ:CBRL – Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.74. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The firm had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.07 EPS for the current fiscal year.
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.
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