8,798 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has invested approximately $342,000 in Cracker Barrel Old Country Store by acquiring 8,798 shares of its stock during the first quarter.
• Cracker Barrel's stock shows a 52-week low of $33.85 and a high of $71.93, currently trading at around $49.17.
• Analyst ratings for Cracker Barrel vary, with two analysts giving a "Buy" rating, four a "Hold," and two a "Sell," resulting in an average rating of "Hold" with a consensus price target of $55.86.

Bayforest Capital Ltd acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,798 shares of the restaurant operator's stock, valued at approximately $342,000.

A number of other hedge funds also recently bought and sold shares of CBRL. GMT Capital Corp purchased a new stake in Cracker Barrel Old Country Store during the first quarter valued at $78,750,000. Woodline Partners LP increased its position in Cracker Barrel Old Country Store by 340.8% during the first quarter. Woodline Partners LP now owns 332,790 shares of the restaurant operator's stock valued at $12,919,000 after acquiring an additional 257,301 shares during the last quarter. Towle & Co. purchased a new stake in Cracker Barrel Old Country Store during the fourth quarter valued at $13,575,000. Trexquant Investment LP purchased a new stake in Cracker Barrel Old Country Store during the first quarter valued at $4,795,000. Finally, GAMMA Investing LLC increased its position in Cracker Barrel Old Country Store by 1,901.6% during the first quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator's stock valued at $1,842,000 after acquiring an additional 45,068 shares during the last quarter. Hedge funds and other institutional investors own 96.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CBRL. Truist Financial upped their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Bank of America boosted their price objective on 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. Loop Capital increased their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. Citigroup lifted 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 report on Monday, September 8th. Finally, UBS Group reissued a "neutral" rating and issued a $69.00 price objective (up 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 issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.86.

Cracker Barrel Old Country Store Price Performance

NASDAQ CBRL traded down $0.96 during trading hours on Friday, reaching $51.17. The company's stock had a trading volume of 1,235,993 shares, compared to its average volume of 1,883,848. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $71.93. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.83 and a beta of 1.41. The firm's 50-day moving average price is $60.15 and its 200-day moving average price is $52.70.

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.