Invesco Ltd. Has $7.74 Million Stock Position in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Invesco Ltd. increased its stake in Cracker Barrel Old Country Store by 17%, owning approximately 199,396 shares worth $7.74 million at the end of the last quarter.
• Cracker Barrel's latest earnings report showed an EPS of $0.58, significantly beating expectations of $0.17, although revenue was slightly below analyst estimates at $821.1 million.
• Institutional investors now own 96.01% of Cracker Barrel's shares, indicating a strong level of institutional interest in the company.

Invesco Ltd. grew its position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 17.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,396 shares of the restaurant operator's stock after buying an additional 28,966 shares during the period. Invesco Ltd. owned approximately 0.90% of Cracker Barrel Old Country Store worth $7,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Cracker Barrel Old Country Store in the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $45,000. Occudo Quantitative Strategies LP bought a new stake in Cracker Barrel Old Country Store in the 4th quarter valued at $207,000. Tower Research Capital LLC TRC lifted its position in Cracker Barrel Old Country Store by 32.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator's stock valued at $218,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock valued at $333,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $54.26 on Tuesday. 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 firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.03 and a beta of 1.47. The firm's 50 day simple moving average is $62.26 and its 200 day simple moving average is $52.10. Cracker Barrel Old Country Store, Inc. has a 1 year low of $33.85 and a 1 year high of $71.93.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings results 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 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 analyst estimates of $824.65 million. During the same quarter last year, the business posted $0.88 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. As a group, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reaffirmed a "sell" rating and issued a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating and issued a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Bank of America boosted their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Truist Financial boosted their price objective on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Finally, Loop Capital boosted their price objective on shares of 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 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 company. According to MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of "Hold" and an average 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.

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