Corient Private Wealth LP Invests $2.24 Million in Cracker Barrel Old Country Store, Inc. $CBRL

Corient Private Wealth LP acquired a new stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,068 shares of the restaurant operator’s stock, valued at approximately $2,242,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Cracker Barrel Old Country Store by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,783 shares of the restaurant operator’s stock worth $50,000 after buying an additional 321 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Cracker Barrel Old Country Store by 8.4% in the 2nd quarter. Captrust Financial Advisors now owns 6,690 shares of the restaurant operator’s stock valued at $409,000 after acquiring an additional 519 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cracker Barrel Old Country Store by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the restaurant operator’s stock valued at $510,000 after acquiring an additional 546 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Cracker Barrel Old Country Store during the 2nd quarter valued at approximately $37,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cracker Barrel Old Country Store during the 3rd quarter valued at approximately $26,000. Institutional investors and hedge funds own 96.01% of the company’s stock.

Wall Street Analyst Weigh In

CBRL has been the subject of a number of research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 price objective on shares of Cracker Barrel Old Country Store in a report on Wednesday, July 22nd. Wall Street Zen raised shares of Cracker Barrel Old Country Store from a “strong sell” rating to a “hold” rating in a report on Saturday, June 13th. Citigroup raised their price target on shares of Cracker Barrel Old Country Store from $34.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Cracker Barrel Old Country Store from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Finally, Argus boosted their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.14.

Cracker Barrel Old Country Store Trading Up 1.1%

Shares of NASDAQ CBRL opened at $54.80 on Thursday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 47.24 and a beta of 1.19. Cracker Barrel Old Country Store, Inc. has a 12-month low of $24.85 and a 12-month high of $60.26. The company has a current ratio of 0.50, a quick ratio of 0.19 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $54.72 and its 200 day simple moving average is $40.17.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last released its quarterly earnings data on Tuesday, June 9th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.74. The business had revenue of $797.37 million during the quarter, compared to analyst estimates of $776.69 million. Cracker Barrel Old Country Store had a return on equity of 2.78% and a net margin of 0.79%.The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities research analysts expect that Cracker Barrel Old Country Store, Inc. will post 0.07 EPS for the current year.

Cracker Barrel Old Country Store Company Profile

Cracker Barrel Old Country Store, Inc operates a distinctive combination of country-themed restaurants and retail stores across the United States. Since its founding in 1969, the company has focused on providing a nostalgic dining experience reminiscent of Southern hospitality, serving breakfast, lunch and dinner with an emphasis on traditional comfort foods.

The restaurant segment offers an extensive menu featuring signature items such as buttermilk pancakes, country ham, biscuits and gravy, meatloaf and pot roast.