Twinbeech Capital LP Takes $437,000 Position in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Twinbeech Capital LP acquired a new stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,268 shares of the restaurant operator's stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRL. Sterling Capital Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 685.9% during 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 during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cracker Barrel Old Country Store by 1,601.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after buying an additional 913 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $56,000. Occudo Quantitative Strategies LP bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $207,000. Finally, Empowered Funds LLC bought a new position in shares of Cracker Barrel Old Country Store during the fourth quarter valued at approximately $213,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Gmt Capital Corp purchased 105,900 shares of the business's stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $35.94 per share, with a total value of $3,806,046.00. Following the transaction, the insider now owns 2,452,200 shares of the company's stock, valued at approximately $88,132,068. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 385,307 shares of company stock worth $15,679,910 in the last 90 days. Insiders own 1.40% of the company's stock.

Cracker Barrel Old Country Store Stock Performance

CBRL stock traded up $0.67 during midday trading on Wednesday, reaching $59.82. The stock had a trading volume of 225,229 shares, compared to its average volume of 934,276. The stock has a market cap of $1.33 billion, a PE ratio of 33.05, a P/E/G ratio of 8.36 and a beta of 1.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.69. The firm has a fifty day simple moving average of $44.93 and a two-hundred day simple moving average of $49.34. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.85 and a 52-week high of $65.43.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CBRL shares. Citigroup reissued a "sell" rating and issued a $42.00 price objective (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Wall Street Zen upgraded Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Loop Capital decreased their price objective on Cracker Barrel Old Country Store from $55.00 to $50.00 and set a "hold" rating for the company in a report on Friday, March 7th. Benchmark reiterated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Finally, Truist Financial set a $63.00 price objective on Cracker Barrel Old Country Store in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has an average rating of "Hold" and a consensus price target of $54.00.

About Cracker Barrel Old Country Store

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.