Trexquant Investment LP Purchases New Shares in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Trexquant Investment LP acquired a new stake in Cracker Barrel Old Country Store, purchasing 123,530 shares valued at approximately $4,795,000, representing about 0.55% of the company.
• Several institutional investors, including Comerica Bank and Jump Financial LLC, have also adjusted their stakes in Cracker Barrel, highlighting diverse investor interest in the stock.
• Brokerage ratings for Cracker Barrel vary, with a consensus rating of "Hold" and a target price averaging $55.14, indicating mixed sentiment among analysts regarding the stock’s performance.

Trexquant Investment LP bought a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 123,530 shares of the restaurant operator's stock, valued at approximately $4,795,000. Trexquant Investment LP owned approximately 0.55% of Cracker Barrel Old Country Store at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Cracker Barrel Old Country Store by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 351,539 shares of the restaurant operator's stock worth $18,584,000 after buying an additional 50,905 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Cracker Barrel Old Country Store by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator's stock worth $15,050,000 after buying an additional 11,068 shares during the last quarter. Towle & Co. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter worth about $13,575,000. Northern Trust Corp lifted its position in shares of Cracker Barrel Old Country Store by 6.9% in the fourth quarter. Northern Trust Corp now owns 246,227 shares of the restaurant operator's stock worth $13,016,000 after buying an additional 15,897 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Cracker Barrel Old Country Store by 1.1% in the fourth quarter. Voloridge Investment Management LLC now owns 223,976 shares of the restaurant operator's stock worth $11,839,000 after buying an additional 2,366 shares during the last quarter. 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 down $1.92 during mid-day trading on Thursday, reaching $52.17. The company had a trading volume of 2,414,419 shares, compared to its average volume of 1,074,828. Cracker Barrel Old Country Store, Inc. has a twelve month low of $33.85 and a twelve month high of $71.93. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.65 and a quick ratio of 0.26. The company's 50-day moving average is $62.02 and its 200-day moving average is $52.46. The company has a market capitalization of $1.16 billion, a P/E ratio of 20.22 and a beta of 1.41.

Cracker Barrel Old Country Store (NASDAQ:CBRL - Get Free Report) last issued its earnings results on Thursday, June 5th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.41. Cracker Barrel Old Country Store had a return on equity of 16.83% and a net margin of 1.65%.The business had revenue of $821.10 million during the quarter, compared to analysts' expectations of $824.65 million. During the same period in the prior year, the firm posted $0.88 EPS. Cracker Barrel Old Country Store's quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Cracker Barrel Old Country Store, Inc. will post 2.76 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reissued a "sell" rating and issued a $42.00 price objective (up from $39.00) on shares of Cracker Barrel Old Country Store in a research report on Friday, May 23rd. Loop Capital increased their price objective on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, June 6th. Truist Financial increased their price objective on Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, June 13th. 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. Finally, UBS Group reissued a "neutral" rating and set a $69.00 price objective (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.