PDT Partners LLC Purchases Shares of 60,873 Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• PDT Partners acquired 60,873 shares of Cracker Barrel, valued at approximately $3.25 million, giving it a 0.27% stake. Institutional investors collectively own 96.01% of the company.
• Cracker Barrel’s latest results exceeded expectations, with EPS of $0.29 versus an anticipated loss of $0.45 and revenue of $797.4 million, although revenue declined 2.9% year over year.
• Analyst sentiment remains mixed: the consensus rating is Hold with a $48.14 price target, while recent upgrades cite improving earnings prospects. Weak guest traffic, elevated valuation and increased options volatility remain key risks.

PDT Partners LLC bought a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 60,873 shares of the restaurant operator's stock, valued at approximately $3,245,000. PDT Partners LLC owned approximately 0.27% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Maxi Investments CY Ltd acquired a new position in Cracker Barrel Old Country Store during the fourth quarter worth $1,168,000. UBS Group AG grew its position in shares of Cracker Barrel Old Country Store by 50.3% in the fourth quarter. UBS Group AG now owns 292,220 shares of the restaurant operator's stock valued at $7,422,000 after purchasing an additional 97,761 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Cracker Barrel Old Country Store by 173.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 155,530 shares of the restaurant operator's stock valued at $3,950,000 after purchasing an additional 98,686 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of Cracker Barrel Old Country Store during the first quarter worth about $858,000. Finally, Fifth Third Bancorp increased its stake in shares of Cracker Barrel Old Country Store by 5,188.7% during the first quarter. Fifth Third Bancorp now owns 29,405 shares of the restaurant operator's stock worth $827,000 after purchasing an additional 28,849 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Argus raised their price target on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, June 11th. Wells Fargo & Company raised their target price on Cracker Barrel Old Country Store from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Cracker Barrel Old Country Store from a "strong sell" rating to a "hold" rating in a research note on Saturday, June 13th. UBS Group restated a "neutral" rating on shares of Cracker Barrel Old Country Store in a report on Tuesday, July 28th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $51.00 target price on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.14.

Cracker Barrel Old Country Store News Summary

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

• Positive Sentiment: Zacks upgraded CBRL to Strong Buy: The upgrade reflects improving earnings expectations and could provide near-term support for the shares. All You Need to Know About Cracker Barrel Rating Upgrade to Strong Buy
• Positive Sentiment: Higher earnings forecast: Zacks raised its fiscal second-quarter 2027 EPS estimate to $0.63 from $0.55 and maintained its Strong Buy rating, signaling greater confidence in the company’s earnings outlook. Cracker Barrel earnings estimate report
• Positive Sentiment: Cracker Barrel’s latest quarterly results exceeded expectations, with EPS of $0.29 versus a projected loss of $0.45 and revenue of approximately $797.4 million, above consensus. These results, along with tighter costs and raised fiscal 2026 guidance, underpin the recent rally. Cracker Barrel Stock Jumps 78% in 6 Months
• Neutral Sentiment: Options-market implied volatility has risen, indicating that traders expect larger-than-usual price swings. This may increase speculative interest but also signals heightened risk around CBRL. Implied Volatility Surging for Cracker Barrel Stock Options
• Negative Sentiment: Despite operational improvements, guest traffic remains weak and quarterly revenue declined 2.9% year over year. After the sharp rally, CBRL also trades at a relatively high earnings multiple, leaving the stock vulnerable if growth or guidance disappoints.

Cracker Barrel Old Country Store Stock Performance

Shares of Cracker Barrel Old Country Store stock opened at $58.56 on Thursday. 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 business's 50 day moving average price is $53.94 and its 200 day moving average price is $39.39. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 50.48 and a beta of 1.20. Cracker Barrel Old Country Store, Inc. has a one year low of $24.85 and a one year high of $63.15.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its 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. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business had revenue of $797.37 million during the quarter, compared to the consensus estimate of $776.69 million. During the same period last year, the company earned $0.56 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts predict that Cracker Barrel Old Country Store, Inc. will post 0.01 EPS for the current year.

About Cracker Barrel Old Country Store

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.

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