Charles Schwab Investment Management Inc. Reduces Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Charles Schwab Investment Management Inc. cut its holdings in Cracker Barrel Old Country Store by 43.6%, now owning 665,951 shares worth approximately $25.85 million.
• Cracker Barrel's analysts have mixed views, with two rating the stock as a Buy, four as Hold, and two as Sell, and a consensus target price of $55.14.
• Cracker Barrel reported earnings of $0.58 per share, significantly beating analysts' expectations of $0.17 and showing a slight year-over-year revenue increase of 0.5%.

Charles Schwab Investment Management Inc. cut its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 43.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 665,951 shares of the restaurant operator's stock after selling 515,505 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.99% of Cracker Barrel Old Country Store worth $25,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Investment Counsel Inc raised its holdings in Cracker Barrel Old Country Store by 53.2% during the first quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator's stock worth $1,104,000 after purchasing an additional 9,875 shares in the last quarter. Huntleigh Advisors Inc. bought a new stake in Cracker Barrel Old Country Store in the first quarter worth $248,000. Wedge Capital Management L L P NC raised its holdings in Cracker Barrel Old Country Store by 42.7% during the first quarter. Wedge Capital Management L L P NC now owns 43,766 shares of the restaurant operator's stock valued at $1,699,000 after buying an additional 13,100 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Cracker Barrel Old Country Store by 29.6% during the first quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator's stock valued at $1,299,000 after buying an additional 7,638 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Cracker Barrel Old Country Store by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock worth $15,050,000 after purchasing an additional 11,068 shares during the period. 96.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CBRL shares. Citigroup reissued a "sell" rating and issued a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. UBS Group reissued a "neutral" rating and issued a $69.00 target price (up from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Truist Financial boosted their target price on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Bank of America upped their price objective 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. Finally, Loop Capital upped their price objective 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. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.14.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded up $0.2140 during trading on Monday, reaching $54.6140. 980,517 shares of the stock were exchanged, compared to its average volume of 1,003,353. 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 $1.22 billion, a PE ratio of 21.06 and a beta of 1.47. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $62.31 and a 200-day moving average price of $52.12.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million for the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current fiscal year.

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.