69,141 Shares in Cracker Barrel Old Country Store, Inc. $CBRL Bought by Biglari Sardar

Biglari Sardar purchased a new position in 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 firm purchased 69,141 shares of the restaurant operator's stock, valued at approximately $3,685,215. Cracker Barrel Old Country Store accounts for 0.0% of Biglari Sardar's investment portfolio, making the stock its 6th largest position. Biglari Sardar owned approximately 0.31% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in Cracker Barrel Old Country Store by 19.5% in the third quarter. Alliancebernstein L.P. now owns 1,459,983 shares of the restaurant operator's stock valued at $64,327,000 after acquiring an additional 237,741 shares during the last quarter. Franklin Resources Inc. grew its position in Cracker Barrel Old Country Store by 13,737.1% in the third quarter. Franklin Resources Inc. now owns 930,131 shares of the restaurant operator's stock valued at $40,982,000 after acquiring an additional 923,409 shares during the last quarter. State Street Corp grew its position in Cracker Barrel Old Country Store by 1.1% in the fourth quarter. State Street Corp now owns 872,995 shares of the restaurant operator's stock valued at $22,174,000 after acquiring an additional 9,332 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cracker Barrel Old Country Store by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 743,413 shares of the restaurant operator's stock valued at $32,756,000 after acquiring an additional 15,661 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Cracker Barrel Old Country Store in the second quarter valued at about $43,930,000. Institutional investors own 96.01% of the company's stock.

Key Cracker Barrel Old Country Store News

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks raised multiple earnings forecasts. The research firm lifted its FY2026 EPS outlook to a loss of $0.17 from a loss of $0.40, raised FY2027 EPS to $0.98 from $0.64, and increased FY2028 EPS to $1.75 from $1.35. It also upgraded estimates for several quarterly periods, including Q4 2026, Q3 and Q4 2027, and Q1 through Q4 2028. Zacks maintains a “Strong-Buy” rating. Zacks Research Issues Optimistic Outlook for CBRL Earnings
• Positive Sentiment: Momentum investors are highlighting CBRL. Zacks included Cracker Barrel in its “Fast-Paced Momentum at a Bargain” screen, suggesting the stock’s recent performance and expected earnings improvement may not yet be fully reflected in its valuation. Looking for a Fast-paced Momentum Stock at a Bargain? Consider Cracker Barrel
• Neutral Sentiment: Recent operating results provide mixed context. Cracker Barrel’s latest reported quarter exceeded expectations, with $0.29 in EPS versus the consensus estimate of a $0.45 loss and revenue of $797.4 million versus expectations of $776.7 million. However, revenue declined 2.9% year over year, and the company’s net margin was only 0.79%.
• Negative Sentiment: Valuation and profitability risks remain. CBRL trades at roughly 48 times earnings despite modest profitability and an analyst consensus of approximately $0.01 in current-year EPS. Its weak liquidity ratios and significant debt also leave limited room for operational setbacks. Cracker Barrel Stock Looks Strong On Returns But Rich On Earnings

Cracker Barrel Old Country Store Stock Performance

NASDAQ:CBRL opened at $55.66 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of 47.98 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The stock's 50-day moving average is $54.26 and its 200-day moving average is $39.65. Cracker Barrel Old Country Store, Inc. has a 1-year low of $24.85 and a 1-year high of $61.37.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.74. The company had revenue of $797.37 million for the quarter, compared to analysts' expectations of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBRL shares. Bank of America lifted their target price on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. UBS Group reiterated a "neutral" rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Piper Sandler reiterated a "neutral" rating and issued a $51.00 target price on shares of Cracker Barrel Old Country Store in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded Cracker Barrel Old Country Store from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.14.

Cracker Barrel Old Country Store 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.

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