Caxton Associates LLP Takes Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Caxton Associates LLP has acquired a new stake in Cracker Barrel Old Country Store, purchasing 10,893 shares valued at approximately $423,000.
• Major institutional investors own 96.01% of Cracker Barrel's stock, with significant stakes also being added by Whittier Trust and Brooklyn Investment Group during the first quarter.
• Price targets for Cracker Barrel range from $45.00 to $69.00 among various analysts, reflecting mixed ratings including two "Buy", four "Hold", and two "Sell" ratings.

Caxton Associates LLP acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,893 shares of the restaurant operator's stock, valued at approximately $423,000.

Several other large investors also recently modified their holdings of CBRL. Whittier Trust Co. of Nevada Inc. bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $25,000. Brooklyn Investment Group bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $30,000. Meeder Asset Management Inc. bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $45,000. Russell Investments Group Ltd. increased its position in Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock worth $46,000 after acquiring an additional 922 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store during the first quarter worth about $48,000. 96.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBRL has been the topic of a number of recent research reports. UBS Group reaffirmed a "neutral" rating and set a $69.00 price target (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the stock a "sell" rating in a research report on Monday, September 8th. Loop Capital raised their target price on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a report on Friday, June 6th. Finally, Bank of America raised their target price on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $55.86.

Cracker Barrel Old Country Store Price Performance

CBRL stock opened at $51.17 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.85 and a 12 month high of $71.93. The firm has a market cap of $1.14 billion, a P/E ratio of 19.83 and a beta of 1.41. The company's 50-day moving average price is $60.15 and its two-hundred day moving average price is $52.65.

About Cracker Barrel Old Country Store

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.

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