Meros Investment Management LP Takes Position in Cracker Barrel Old Country Store, Inc. $CBRL

Meros Investment Management LP acquired a new position in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 159,326 shares of the restaurant operator's stock, valued at approximately $8,492,076. Cracker Barrel Old Country Store comprises about 0.0% of Meros Investment Management LP's investment portfolio, making the stock its 12th largest position. Meros Investment Management LP owned approximately 0.71% of Cracker Barrel Old Country Store as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new stake in Cracker Barrel Old Country Store in the 2nd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the third quarter valued at approximately $26,000. Axiom Investment Management LLC acquired a new position in Cracker Barrel Old Country Store during the first quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in Cracker Barrel Old Country Store during the 4th quarter worth $35,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Cracker Barrel Old Country Store by 22.0% during 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. Hedge funds and other institutional investors own 96.01% of the company's stock.

Cracker Barrel Old Country Store Price Performance

Shares of CBRL traded up $0.74 during trading hours on Friday, reaching $55.81. The stock had a trading volume of 422,286 shares, compared to its average volume of 1,200,528. The stock has a market capitalization of $1.25 billion, a PE ratio of 48.11 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a 12 month low of $24.85 and a 12 month high of $61.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.19 and a current ratio of 0.50. The company's 50-day moving average is $54.09 and its two-hundred day moving average is $39.54.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.45) by $0.74. The firm had revenue of $797.37 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. Research analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.07 EPS for the current year.

Key Stories Impacting Cracker Barrel Old Country Store

Here are the key news stories impacting Cracker Barrel Old Country Store this week:

• Positive Sentiment: Zacks raises earnings outlook: Zacks Research maintained a “Strong-Buy” rating and raised estimates across several periods. Its FY2026 loss forecast improved to $0.17 per share from $0.40, while FY2027 estimates increased to $0.98 from $0.64 and FY2028 estimates rose to $1.75 from $1.35. The improved forecasts suggest analysts expect a meaningful earnings recovery. Zacks Research Issues Optimistic Outlook for CBRL Earnings
• Positive Sentiment: Momentum attracts investors: CBRL was included in Zacks’ “Fast-Paced Momentum at a Bargain” screen, indicating that the shares have delivered strong recent performance while still appearing reasonably priced under the screen’s criteria. This may be encouraging additional momentum-oriented buying. Looking for a Fast-paced Momentum Stock at a Bargain? Consider Cracker Barrel (CBRL)
• Neutral Sentiment: Strong returns but elevated valuation: A separate analysis highlighted CBRL’s strong share-price returns but cautioned that the stock looks expensive based on earnings. The shares trade at roughly 49 times earnings, leaving less room for disappointment if the projected recovery does not materialize. Cracker Barrel (CBRL) Stock Looks Strong On Returns But Rich On Earnings
• Negative Sentiment: Fundamental risks remain: Cracker Barrel’s latest reported revenue declined 2.9% year over year, while its net margin was only 0.79%. The company also has weak liquidity ratios, making the stock’s valuation particularly dependent on successful execution of the expected earnings improvement.

Analyst Ratings Changes

A number of brokerages recently weighed in on CBRL. Piper Sandler reissued a "neutral" rating and set a $51.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Cracker Barrel Old Country Store from a "hold" rating to a "strong-buy" rating in a research note on Monday. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a research report on Wednesday, June 10th. Wells Fargo & Company increased their price target on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Finally, Citigroup raised their price objective on Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.14.

Cracker Barrel Old Country Store Company 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.