Woodline Partners LP Has $12.92 Million Holdings in Cracker Barrel Old Country Store, Inc. $CBRL

Key Points

• Woodline Partners LP increased its stake in Cracker Barrel Old Country Store by 340.8% in Q1, now holding approximately $12.92 million worth of shares.
• Analysts have varied ratings on Cracker Barrel, with a consensus price target of $55.86, and recommendations ranging from "Buy" to "Sell."
• Cracker Barrel's stock has recently seen a price rise of 6.0%, with current trading at around $52.13 and a market capital of $1.16 billion.

Woodline Partners LP increased its holdings in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL - Free Report) by 340.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 332,790 shares of the restaurant operator's stock after acquiring an additional 257,301 shares during the period. Woodline Partners LP owned about 1.49% of Cracker Barrel Old Country Store worth $12,919,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CBRL. Whittier Trust Co. of Nevada Inc. acquired a new stake in Cracker Barrel Old Country Store during the first quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in shares of Cracker Barrel Old Country Store during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new stake in Cracker Barrel Old Country Store in the 1st quarter valued at $45,000. Russell Investments Group Ltd. grew its position in Cracker Barrel Old Country Store by 360.2% in the first quarter. Russell Investments Group Ltd. now owns 1,178 shares of the restaurant operator's stock valued at $46,000 after acquiring an additional 922 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Cracker Barrel Old Country Store during the first quarter worth $48,000. Institutional investors and hedge funds own 96.01% of the company's stock.

Cracker Barrel Old Country Store Trading Up 2.4%

CBRL stock traded up $1.22 during trading on Monday, hitting $52.39. The company had a trading volume of 1,130,503 shares, compared to its average volume of 1,088,361. The firm has a 50-day moving average price of $60.15 and a 200-day moving average price of $52.75. Cracker Barrel Old Country Store, Inc. has a 12 month low of $33.85 and a 12 month high of $71.93. The company has a quick ratio of 0.26, a current ratio of 0.65 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 20.31 and a beta of 1.41.

Analyst Ratings Changes

Several brokerages have recently commented on CBRL. UBS Group restated a "neutral" rating and issued 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. Bank of America boosted their price target on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. Truist Financial set a $62.00 price objective on shares of Cracker Barrel Old Country Store in a research note on Monday. Citigroup lifted their target price on shares of Cracker Barrel Old Country Store from $45.00 to $47.00 and gave the company a "sell" rating in a research note on Monday, September 8th. Finally, Loop Capital boosted their target price on Cracker Barrel Old Country Store from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, June 6th. 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 stock. According to data from MarketBeat.com, Cracker Barrel Old Country Store has an average rating of "Hold" and a consensus target price of $55.43.

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.