Vanguard Group Inc. Sells 40,124 Shares of Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Vanguard Group Inc. has reduced its stake in Cracker Barrel Old Country Store, selling 40,124 shares and now holds approximately 2.57 million shares, representing about 11.56% of the company.
• Several institutional investors have also modified their positions, with 96.01% of Cracker Barrel's stock now held by institutional investors.
• Cracker Barrel reported earnings of $0.58 per share for the last quarter, exceeding analyst expectations, while its revenue was $821.10 million but slightly below estimates.

Vanguard Group Inc. decreased its stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,573,234 shares of the restaurant operator's stock after selling 40,124 shares during the quarter. Vanguard Group Inc. owned approximately 11.56% of Cracker Barrel Old Country Store worth $99,893,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in Cracker Barrel Old Country Store by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 6,302 shares of the restaurant operator's stock worth $333,000 after acquiring an additional 361 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cracker Barrel Old Country Store by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,592 shares of the restaurant operator's stock worth $666,000 after purchasing an additional 417 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of 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 worth $29,000 after purchasing an additional 487 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Cracker Barrel Old Country Store during the 1st quarter valued at $25,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 13,371 shares of the restaurant operator's stock valued at $707,000 after buying an additional 754 shares in the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

Cracker Barrel Old Country Store Price Performance

Shares of NASDAQ CBRL traded down $0.14 during midday trading on Monday, reaching $54.26. 1,819,474 shares of the stock traded hands, compared to its average volume of 1,090,468. The company's 50 day moving average is $62.26 and its 200 day moving average is $52.10. Cracker Barrel Old Country Store, Inc. has a one year low of $33.85 and a one year 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 stock has a market capitalization of $1.21 billion, a PE ratio of 21.03 and a beta of 1.47.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America raised 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. UBS Group reissued a "neutral" rating and set a $69.00 target price (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research note on Monday, July 14th. Citigroup restated a "sell" rating and issued a $42.00 price target (up from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Loop Capital lifted their price objective on shares of 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. Finally, Truist Financial boosted their target price on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Two 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 stock has a consensus rating of "Hold" and an average price target 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.