Woodline Partners LP Buys New Shares in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Woodline Partners LP acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 75,489 shares of the restaurant operator's stock, valued at approximately $3,990,000. Woodline Partners LP owned 0.34% of Cracker Barrel Old Country Store as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted 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 valued at $29,000 after purchasing an additional 487 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Cracker Barrel Old Country Store by 1,601.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 970 shares of the restaurant operator's stock valued at $52,000 after purchasing an additional 913 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Cracker Barrel Old Country Store in the fourth quarter valued at about $56,000. Occudo Quantitative Strategies LP purchased a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $207,000. Finally, Empowered Funds LLC purchased a new position in Cracker Barrel Old Country Store during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 96.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup restated a "sell" rating and set a $42.00 target price (up from $39.00) on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Loop Capital dropped their target price on shares of 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 restated a "hold" rating on shares of Cracker Barrel Old Country Store in a report on Monday, March 10th. Truist Financial set a $63.00 target price on shares of Cracker Barrel Old Country Store in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Cracker Barrel Old Country Store from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $54.00.

Insider Transactions at Cracker Barrel Old Country Store

In other news, major shareholder Gmt Capital Corp purchased 31,800 shares of the stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of $37.31 per share, for a total transaction of $1,186,458.00. Following the completion of the acquisition, the insider now directly owns 2,484,000 shares in the company, valued at $92,678,040. This represents a 1.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 385,307 shares of company stock worth $15,679,910 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Cracker Barrel Old Country Store Trading Down 0.7%

Shares of NASDAQ CBRL traded down $0.44 during midday trading on Friday, reaching $58.30. 134,336 shares of the stock were exchanged, compared to its average volume of 811,134. The company has a market capitalization of $1.30 billion, a P/E ratio of 32.20, a P/E/G ratio of 8.36 and a beta of 1.36. Cracker Barrel Old Country Store, Inc. has a 52-week low of $33.86 and a 52-week high of $65.43. The company has a current ratio of 0.69, a quick ratio of 0.24 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $45.65 and a 200-day moving average price of $49.49.

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.