Cracker Barrel Old Country Store, Inc. $CBRL Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 43.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 665,951 shares of the restaurant operator’s stock after selling 515,505 shares during the period. Charles Schwab Investment Management Inc. owned 2.99% of Cracker Barrel Old Country Store worth $25,852,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBRL. Capital Investment Counsel Inc increased its holdings in shares of Cracker Barrel Old Country Store by 53.2% during the 1st quarter. Capital Investment Counsel Inc now owns 28,442 shares of the restaurant operator’s stock worth $1,104,000 after buying an additional 9,875 shares during the last quarter. Huntleigh Advisors Inc. purchased a new position in Cracker Barrel Old Country Store in the 1st quarter valued at about $248,000. Wedge Capital Management L L P NC boosted its position in Cracker Barrel Old Country Store by 42.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 43,766 shares of the restaurant operator’s stock valued at $1,699,000 after buying an additional 13,100 shares during the last quarter. Aviance Capital Partners LLC boosted its position in Cracker Barrel Old Country Store by 29.6% in the 1st quarter. Aviance Capital Partners LLC now owns 33,474 shares of the restaurant operator’s stock valued at $1,299,000 after buying an additional 7,638 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Cracker Barrel Old Country Store by 4.0% in the 4th quarter. Two Sigma Investments LP now owns 284,717 shares of the restaurant operator’s stock valued at $15,050,000 after buying an additional 11,068 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CBRL shares. UBS Group reaffirmed a “neutral” rating and set a $69.00 price target (up previously from $60.00) on shares of Cracker Barrel Old Country Store in a research report on Monday, July 14th. Truist Financial raised their price target on shares of Cracker Barrel Old Country Store from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, June 13th. Citigroup restated a “sell” rating and issued a $42.00 price target (up previously from $39.00) on shares of Cracker Barrel Old Country Store in a research note on Friday, May 23rd. Loop Capital raised 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 note on Friday, June 6th. Finally, Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $39.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cracker Barrel Old Country Store presently has a consensus rating of “Hold” and an average target price of $55.14.

Cracker Barrel Old Country Store Stock Down 0.8%

Cracker Barrel Old Country Store stock opened at $59.02 on Thursday. The company has a market capitalization of $1.31 billion, a P/E ratio of 22.88 and a beta of 1.47. The firm’s fifty day simple moving average is $62.27 and its 200-day simple moving average is $52.35. The company has a current ratio of 0.65, a quick ratio of 0.26 and a debt-to-equity ratio of 1.04. Cracker Barrel Old Country Store, Inc. has a 1-year low of $33.85 and a 1-year high of $71.93.

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

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.