Dynamic Technology Lab Private Ltd Purchases Shares of 27,440 Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Cracker Barrel Old Country Store, purchasing 27,440 shares valued at approximately $1,065,000 during the 1st quarter.
• Cracker Barrel's latest earnings report showed earnings of $0.58 per share, significantly exceeding the consensus estimate of $0.17, with a modest revenue increase of 0.5% year-over-year.
• Analysts have set a consensus rating of "Hold" on Cracker Barrel shares, with an average price target of $55.14, reflecting a range of opinions from "Buy" to "Sell" ratings among different brokerages.

Dynamic Technology Lab Private Ltd acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,440 shares of the restaurant operator's stock, valued at approximately $1,065,000. Dynamic Technology Lab Private Ltd owned 0.12% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $25,000. Brooklyn Investment Group purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $30,000. Meeder Asset Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $45,000. Russell Investments Group Ltd. lifted its position in shares of Cracker Barrel Old Country Store by 360.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock valued at $46,000 after buying an additional 922 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 96.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Loop Capital upped their price target on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Citigroup increased their price objective 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. UBS Group reissued a "neutral" rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Truist Financial increased their price objective 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. Finally, Bank of America increased 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. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Cracker Barrel Old Country Store currently has a consensus rating of "Hold" and a consensus target price of $55.86.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ:CBRL traded down $0.96 on Friday, hitting $51.17. The company's stock had a trading volume of 1,235,993 shares, compared to its average volume of 1,883,848. The company has a 50-day simple moving average of $60.15 and a 200 day simple moving average of $52.70. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $71.93. The company has a market capitalization of $1.14 billion, a PE ratio of 19.83 and a beta of 1.41. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26.

Cracker Barrel Old Country Store Company 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.