Hsbc Holdings PLC Takes $876,000 Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Hsbc Holdings PLC invested $876,000 in Cracker Barrel Old Country Store, Inc., acquiring 22,102 shares during the first quarter.
• Cracker Barrel's stock has an average rating of "Hold" from analysts, with a consensus price target of $55.14 amid various price target upgrades and downgrades from major firms.
• The company reported an EPS of $0.58 for the last quarter, exceeding expectations by $0.41, while revenue showed a slight year-over-year increase of 0.5%.

Hsbc Holdings PLC bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,102 shares of the restaurant operator's stock, valued at approximately $876,000. Hsbc Holdings PLC owned about 0.10% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Towle & Co. purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $13,575,000. Woodline Partners LP purchased a new stake in Cracker Barrel Old Country Store in the fourth quarter worth $3,990,000. Dimensional Fund Advisors LP increased its stake in Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after purchasing an additional 50,905 shares during the period. GAMMA Investing LLC grew its position in shares of Cracker Barrel Old Country Store by 1,901.6% during the 1st quarter. GAMMA Investing LLC now owns 47,438 shares of the restaurant operator's stock worth $1,842,000 after buying an additional 45,068 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Cracker Barrel Old Country Store by 47.4% during the 4th quarter. Two Sigma Advisers LP now owns 98,302 shares of the restaurant operator's stock worth $5,196,000 after buying an additional 31,600 shares in the last quarter. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

Shares of NASDAQ:CBRL traded down $2.31 during trading on Thursday, hitting $51.78. The stock had a trading volume of 1,574,615 shares, compared to its average volume of 1,069,130. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.85 and a 12-month high of $71.93. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.07 and a beta of 1.41. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. The stock has a 50-day simple moving average of $62.02 and a two-hundred day simple moving average of $52.46.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The firm had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. During the same period last year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup reissued 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. Truist Financial increased their price target on 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 target on 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. UBS Group reaffirmed 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. Finally, Loop Capital raised their price objective 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $55.14.

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.