Jump Financial LLC Buys Shares of 10,019 Cracker Barrel Old Country Store, Inc. $CBRL

Jump Financial LLC purchased a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,019 shares of the restaurant operator's stock, valued at approximately $389,000.

A number of other hedge funds also recently made changes to their positions in CBRL. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the first quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $45,000. Russell Investments Group Ltd. raised its holdings in Cracker Barrel Old Country Store by 360.2% during the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 922 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Cracker Barrel Old Country Store during the first quarter worth approximately $48,000. Institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Stock Up 1.2%

NASDAQ:CBRL traded up $0.64 during trading hours on Friday, hitting $52.81. 1,357,046 shares of the stock traded hands, compared to its average volume of 1,714,940. The firm has a 50 day moving average price of $61.65 and a 200 day moving average price of $52.52. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $71.93. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 20.47 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) 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 company had revenue of $821.10 million for the quarter, compared to the consensus estimate of $824.65 million. During the same period in the previous year, the business earned $0.88 EPS. The company's revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CBRL shares. Citigroup reaffirmed a "sell" rating and issued a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Bank of America upped their price target on Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a report on Friday, June 6th. UBS Group reaffirmed a "neutral" rating and issued a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Truist Financial upped their price target on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, 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 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 given a Sell rating to the company's stock. According to MarketBeat, Cracker Barrel Old Country Store has a consensus rating of "Hold" and a consensus target price of $55.14.

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.