EntryPoint Capital LLC Acquires Shares of 8,618 Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• EntryPoint Capital LLC has acquired a new stake in Cracker Barrel Old Country Store, purchasing 8,618 shares valued at approximately $335,000 in the first quarter.
• Several other institutional investors have also increased their positions in Cracker Barrel, with total institutional ownership reaching 96.01% of the stock.
• Cracker Barrel's earnings report showed an EPS of $0.58, exceeding estimates, while revenue was slightly below expectations at $821.10 million.

EntryPoint Capital LLC acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,618 shares of the restaurant operator's stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in Cracker Barrel Old Country Store by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock valued at $333,000 after purchasing an additional 361 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cracker Barrel Old Country Store by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock valued at $666,000 after acquiring an additional 417 shares during the last quarter. Sterling Capital Management LLC boosted its position in Cracker Barrel Old Country Store by 685.9% during the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 487 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Cracker Barrel Old Country Store during the first quarter valued at $25,000. Finally, MetLife Investment Management LLC boosted its position in Cracker Barrel Old Country Store by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after acquiring an additional 754 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Cracker Barrel Old Country Store Stock Down 0.7%

NASDAQ CBRL traded down $0.40 during trading hours on Friday, hitting $54.40. The company's stock had a trading volume of 3,021,190 shares, compared to its average volume of 1,090,468. 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 market capitalization of $1.21 billion, a PE ratio of 21.09 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 company's 50-day simple moving average is $62.31 and its two-hundred day simple moving average is $52.12.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRL. Citigroup reaffirmed a "sell" rating and set a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. 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 research report on Monday, July 14th. Truist Financial increased their price objective 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. Bank of America increased their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, Loop Capital increased their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cracker Barrel Old Country Store has an average rating of "Hold" and an average price target of $55.14.

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.