Cracker Barrel Old Country Store, Inc. $CBRL Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its holdings in Cracker Barrel Old Country Store by 27.7%, acquiring an additional 15,323 shares, bringing its total to 70,595 shares worth approximately $2.74 million.
• Cracker Barrel reported earnings of $0.58 per share for the most recent quarter, significantly exceeding analysts' expectations of $0.17, with revenue reaching $821.10 million.
• Recent analyst ratings for Cracker Barrel show a mix of opinions, with price targets ranging from $42.00 to $69.00, indicating varied outlooks on the stock's performance.

Public Sector Pension Investment Board raised its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 27.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,595 shares of the restaurant operator's stock after buying an additional 15,323 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Cracker Barrel Old Country Store worth $2,740,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Cracker Barrel Old Country Store by 685.9% in the fourth quarter. Sterling Capital Management LLC now owns 558 shares of the restaurant operator's stock valued at $29,000 after buying an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $45,000. Occudo Quantitative Strategies LP purchased a new position in shares of Cracker Barrel Old Country Store during the 4th quarter worth approximately $207,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Cracker Barrel Old Country Store by 32.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,116 shares of the restaurant operator's stock worth $218,000 after purchasing an additional 1,020 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CBRL shares. UBS Group reissued a "neutral" rating and set a $69.00 price objective (up from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Citigroup reissued a "sell" rating and set a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Truist Financial raised their price objective on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Finally, Loop Capital raised their price objective on shares of Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a research note 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $55.14.

Cracker Barrel Old Country Store Trading Down 0.7%

CBRL stock traded down $0.40 during midday trading on Friday, hitting $54.40. The stock had a trading volume of 3,021,190 shares, compared to its average volume of 965,137. The firm has a market cap of $1.21 billion, a PE ratio of 21.09 and a beta of 1.47. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. Cracker Barrel Old Country Store, Inc. has a 12-month low of $33.85 and a 12-month high of $71.93. The company's 50-day moving average price is $62.31 and its 200 day moving average price is $52.18.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last released its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 EPS for the quarter, topping the consensus estimate of $0.17 by $0.41. The firm had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. Cracker Barrel Old Country Store had a net margin of 1.65% and a return on equity of 16.83%. Cracker Barrel Old Country Store's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. Cracker Barrel Old Country Store has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.76 earnings per share for the current fiscal year.

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.