Scientech Research LLC Buys 13,870 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Scientech Research LLC increased its stake in Cracker Barrel Old Country Store by 276.2%, owning approximately 0.08% of the company, valued at $733,000.
• Cracker Barrel's stock has a current market value of $50.90, with a 52-week low of $33.85 and a high of $71.93.
• Wall Street analysts have mixed ratings for Cracker Barrel, with a consensus rating of "Hold" and an average target price of $55.86.

Scientech Research LLC lifted its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 276.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,892 shares of the restaurant operator's stock after purchasing an additional 13,870 shares during the period. Scientech Research LLC owned 0.08% of Cracker Barrel Old Country Store worth $733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 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. lifted its holdings 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 in the last quarter. 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 currently owned by institutional investors.

Cracker Barrel Old Country Store Stock Down 1.8%

Shares of Cracker Barrel Old Country Store stock traded down $0.96 during trading on Friday, reaching $51.17. The stock had a trading volume of 1,235,993 shares, compared to its average volume of 1,912,413. 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 stock has a fifty day moving average price of $60.15 and a two-hundred day moving average price of $52.75. Cracker Barrel Old Country Store, Inc. has a 52 week low of $33.85 and a 52 week high of $71.93. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04.

Analyst Upgrades and Downgrades

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

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.