Landscape Capital Management L.L.C. Acquires New Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Landscape Capital Management acquired 59,480 shares of Cracker Barrel, valued at approximately $3.17 million, representing about 0.27% of the company. Institutional investors collectively own 96.01% of the stock.
• Analyst sentiment remains mixed but has improved, with recent price-target increases from Bank of America and Wells Fargo. The stock carries an average “Hold” rating and a consensus price target of $48.14.
• Cracker Barrel exceeded quarterly expectations, reporting $0.29 in earnings per share versus an estimated loss of $0.45 and revenue of $797.37 million. However, revenue declined 2.9% year over year, and the stock was trading at $57.65 with a price-to-earnings ratio of 49.70.

Landscape Capital Management L.L.C. bought a new position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 59,480 shares of the restaurant operator's stock, valued at approximately $3,170,000. Landscape Capital Management L.L.C. owned about 0.27% of Cracker Barrel Old Country Store as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Cracker Barrel Old Country Store in the third quarter valued at approximately $26,000. Axiom Investment Management LLC bought a new stake in Cracker Barrel Old Country Store during the first quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $35,000. Canada Pension Plan Investment Board acquired a new stake in shares of Cracker Barrel Old Country Store in the second quarter valued at about $37,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cracker Barrel Old Country Store by 22.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator's stock worth $50,000 after purchasing an additional 321 shares during the period. Institutional investors own 96.01% of the company's stock.

Analyst Ratings Changes

CBRL has been the subject of several research analyst reports. Wall Street Zen raised Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research report on Saturday, June 13th. Bank of America increased their price objective on Cracker Barrel Old Country Store from $34.00 to $40.00 in a research report on Monday, June 15th. Wells Fargo & Company increased their price target on shares of Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Benchmark restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Wednesday, June 10th. Finally, Weiss Ratings raised Cracker Barrel Old Country Store from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.14.

Cracker Barrel Old Country Store Stock Up 4.6%

Shares of NASDAQ CBRL opened at $57.65 on Friday. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $63.15. The firm's 50-day simple moving average is $53.06 and its 200 day simple moving average is $38.80. The company has a quick ratio of 0.19, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 49.70 and a beta of 1.20.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.74. The firm had revenue of $797.37 million during the quarter, compared to analysts' expectations of $776.69 million. Cracker Barrel Old Country Store had a net margin of 0.79% and a return on equity of 2.78%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. On average, research analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.01 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source