Connor Clark & Lunn Investment Management Ltd. Invests $11.15 Million in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Connor Clark & Lunn Investment Management acquired 209,229 Cracker Barrel shares worth approximately $11.15 million, representing about 0.94% of the company. Institutional investors collectively own 96.01% of CBRL.
• Analysts maintain a mixed outlook, with the stock receiving an average “Hold” rating and a consensus price target of $48.14. Recent targets include Piper Sandler at $51 and Citigroup at $42 with a “Sell” rating.
• Cracker Barrel beat quarterly expectations with EPS of $0.29 versus an estimated loss of $0.45 and revenue of $797.4 million, but revenue fell 2.9% year over year. Weak guest traffic, elevated valuation and increased options volatility remain key risks.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 209,229 shares of the restaurant operator's stock, valued at approximately $11,152,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.94% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in Cracker Barrel Old Country Store in the 3rd quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new position in shares of Cracker Barrel Old Country Store during the first quarter worth approximately $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at approximately $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at approximately $37,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator's stock worth $50,000 after acquiring an additional 321 shares during the last quarter. Institutional investors own 96.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBRL shares. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research report on Saturday, June 13th. Piper Sandler reissued a "neutral" rating and issued a $51.00 price target on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, July 21st. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Cracker Barrel Old Country Store in a research report on Tuesday, July 28th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.14.

Trending Headlines about Cracker Barrel Old Country Store

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

• Positive Sentiment: Zacks upgraded CBRL to Strong Buy: The upgrade reflects improving earnings expectations and could provide near-term support for the shares. All You Need to Know About Cracker Barrel Rating Upgrade to Strong Buy
• Positive Sentiment: Higher earnings forecast: Zacks raised its fiscal second-quarter 2027 EPS estimate to $0.63 from $0.55 and maintained its Strong Buy rating, signaling greater confidence in the company’s earnings outlook. Cracker Barrel earnings estimate report
• Positive Sentiment: Cracker Barrel’s latest quarterly results exceeded expectations, with EPS of $0.29 versus a projected loss of $0.45 and revenue of approximately $797.4 million, above consensus. These results, along with tighter costs and raised fiscal 2026 guidance, underpin the recent rally. Cracker Barrel Stock Jumps 78% in 6 Months
• Neutral Sentiment: Options-market implied volatility has risen, indicating that traders expect larger-than-usual price swings. This may increase speculative interest but also signals heightened risk around CBRL. Implied Volatility Surging for Cracker Barrel Stock Options
• Negative Sentiment: Despite operational improvements, guest traffic remains weak and quarterly revenue declined 2.9% year over year. After the sharp rally, CBRL also trades at a relatively high earnings multiple, leaving the stock vulnerable if growth or guidance disappoints.

Cracker Barrel Old Country Store Trading Up 0.5%

Shares of CBRL stock opened at $58.56 on Thursday. The firm has a fifty day moving average of $53.94 and a 200-day moving average of $39.39. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 50.48 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a 52-week low of $24.85 and a 52-week high of $63.15. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. The business had revenue of $797.37 million for the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The firm's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. On average, equities research analysts forecast that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share 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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